MicroStrategy Adds Another 1,665 BTC Amid Stock Price Decline
MicroStrategy's stock price fell 0.75% on Monday despite the company adding another 1,665 BTC to its treasury holdings.
The purchase was made between September 21 and 27 at an average price of $85,681 per Bitcoin.
This brings MicroStrategy's total Bitcoin holdings to 847,666 BTC, with a value of around $70.6 billion based on current prices.
Co-founder and executive chairman Michael Saylor noted that the company's Bitcoin position implies around $6.6 billion in paper gains.