MicroStrategy Continues to Add More Bitcoins to Its Stash

Adekunle Joshua

The world's largest institutional Bitcoin holder, MicroStrategy, has once again purchased an additional 155 Bitcoins

This acquisition has increased the company's holdings to 158,400 BTC

MicroStrategy has consistently maintained optimism regarding Bitcoin's potential as the premier treasury reserve asset and sees BTC as a viable solution to the store of value dilemma

To date, MicroStrategy has realized gains on its Bitcoin investments, having acquired it at an average price of $29,586 per Bitcoin

In addition to MicroStrategy, an increasing number of public companies are embracing Bitcoin, with 71 prominent institutional entities now collectively owning 1.9 million BTC