Crypto Daily – MicroStrategy Inc (NASDAQ:)., led by co-founder and Chairman Michael Saylor, has completed a significant acquisition of 27,200 BTC, valued at approximately $2.03 billion, driving its stock to a 24-year high as the company solidifies its strategic bet on the cryptocurrency.
Bolstering BTC Holdings
The latest round of BTC purchases by MicroStrategy marks the company’s largest single acquisition since it began incorporating into its corporate strategy in 2020, positioning itself as one of the most prominent corporate holders of digital assets. This strategic move comes on the heels of previous high-volume purchases, bringing MicroStrategy’s total Bitcoin holdings to an estimated value of $24 billion.
Stock Surges Amid BTC Adoption
Following the announcement, shares of MicroStrategy saw a dramatic rise, reaching new heights not observed in over two…
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