MicroStrategy's Latest Bitcoin Move: 5,445 BTC Added to Their Stash

MicroStrategy Inc. (NASDAQ: MSTR), a prominent finance software company, has expanded its Bitcoin holdings once again

According to Michael Saylor, the company's founder, MicroStrategy now owns over 158k bitcoins after acquiring an additional 5,445 bitcoins

The purchase, totaling $147.3 million, was disclosed in an SEC filing. The average price per bitcoin in this acquisition was $27,053, bringing MicroStrategy's cumulative BTC holdings to $4.68 billion

MicroStrategy's average price for the entire acquisition stands at $29,582 per bitcoin

MicroStrategy's recent purchase, made at an average price of $27k, means their 5,445 bitcoins have depreciated in value at current prices below $27k

Analysts suggest the possibility of fresh negativity pushing Bitcoin below $25k, with $20k as a significant support level

Bullish sentiment hinges on a "spark of demand"

Upcoming events like the Bitcoin halving and potential SEC approval of a spot Bitcoin ETF, including interest from BlackRock, are among factors that could influence Bitcoin's future.