MicroStrategy has expanded its Bitcoin holdings by purchasing an additional 850 BTC for $99.7 million, bringing its total to 639,835 BTC. This acquisition was made at an average price of $117,344 per Bitcoin. The company's total investment in Bitcoin now amounts to approximately $47.3 billion, with an average purchase price of $73,971 per BTC.
The purchase comes in the wake of a 25 basis point rate cut by the Federal Reserve and a brief surge in Bitcoin's price. However, MicroStrategy's buying pace has decelerated in September, with only 3,330 BTC acquired compared to 7,714 BTC in August and 31,466 BTC in July.
MicroStrategy Acquires 850 BTC for $99.7 Million, Total Holdings Reach 639,835 BTC
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