MicroStrategy has acquired 592 Bitcoin for $39.8 million at an average price of $67,286 per Bitcoin, marking its 100th purchase. This acquisition brings MicroStrategy's total Bitcoin holdings to 717,722 BTC, valued at approximately $46.65 billion, though the company faces an unrealized loss of about $8 billion based on its total acquisition cost of $54.56 billion.
Meanwhile, Jane Street has significantly increased its stake in MicroStrategy, now holding 951,187 shares valued at $124 million, a 473% increase over the last quarter. This move reflects growing institutional interest in Bitcoin exposure through MicroStrategy stock, despite recent declines in both the stock and Bitcoin prices. The correlation between MicroStrategy's stock and Bitcoin suggests potential recovery as both show signs of stabilization.
MicroStrategy Acquires 592 BTC, Marking 100th Purchase
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