MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has purchased an additional $150 million worth of Bitcoin, bringing its total holdings to over 140,000 BTC.
The company has been steadily increasing its Bitcoin reserves as part of its long-term strategy to use the cryptocurrency as a store of value.
This latest purchase reaffirms MicroStrategy’s commitment to Bitcoin despite the volatility in the crypto market. Saylor has been vocal about his belief in Bitcoin as a superior form of investment compared to traditional assets like gold.
The company’s continuous buying spree has positioned it as one of the largest institutional holders of Bitcoin globally, reinforcing its bullish stance on the future of the digital asset.
