MicroStrategy Resumes Bitcoin Purchases After Two-Month Pause
On August 31, MicroStrategy (Nasdaq: MSTR) announced the purchase of 4,603 BTC for $369.7 million during Aug. 24-30, marking its first Bitcoin acquisition in two months. The last time it bought Bitcoin was between June 15 and 21 when it acquired 520 BTC for $34.9 million. During the intervening period, MicroStrategy sold a significant amount of Bitcoin due to market volatility: including sales totaling over 7,000 BTC worth more than $326 million across multiple weeks in June and July. Despite these sales, it has now resumed buying activity following several weeks where no purchases were made. As a result of the latest purchase, MicroStrategy's Bitcoin holdings have increased to 845,050 BTC on its balance sheet, maintaining its position as one of the largest corporate holders of Bitcoin.
Tickers: $MSTR
Topics: Bitcoin crypto treasury MicroStrategy MSTR