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Crypto

MicroStrategy Buys Another 1,665 BTC Amid Slipping Stock Price

Guavy AI Editorial Team
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BTC
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MicroStrategy's stock price slipped by 0.75% on Monday despite the company adding another 1,665 BTC to its treasury portfolio.

The latest purchase was made between September 21 and 27 at an average price of $85,681 per BTC, taking MicroStrategy's total Bitcoin holdings to 847,666 BTC.

The company's Bitcoin stash is now worth around $70.6 billion based on current prices, with the majority being acquired at an average price of $75,437 per Bitcoin.

MicroStrategy's co-founder and executive chairman Michael Saylor noted that the holdings represent more than 4% of Bitcoin's total supply cap.

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