MicroStrategy Resumes Bitcoin Purchases After 10-Week Pause
MicroStrategy, led by Michael Saylor, has made another significant Bitcoin purchase. The company acquired 4,603 BTC for $370 million, bringing its total Bitcoin holdings to 845,050 BTC.
This move ends a ten-week pause in purchases and reignites questions about how far corporate treasuries are willing to go in backing Bitcoin.
The company also announced a $152 million share repurchase and increased its USD cash reserves by $29 million.