Crypto
MicroStrategy Resumes Bitcoin Buying, Adds 4,603 BTC to Holdings
MicroStrategy has resumed buying Bitcoin, adding 4,603 BTC for $370 million between August 24 and 30. This brings their total holding to 845,050 BTC, making them the largest corporate Bitcoin holder on record.
The company's balance sheet is looking sturdier after this purchase, with a $5.10 billion USD reserve and $1.61 billion in USD cash. The net leverage sits at 0.0 percent as of August 30.
Michael Saylor confirmed the numbers directly, reinforcing his plan of buying dips and holding through volatility. He also flagged a $29 million increase in USD cash and a $152 million buyback of STRC preferred stock.