Deepening its commitment to Bitcoin, MicroStrategy announced that it purchased 6,556 BTC worth approximately $555.8 million between April 14 and April 20 at an average price of $84,785 per coin.
MicroStrategy Purchases 6,556 Bitcoins Worth $555.8 Million in Latest Strategic Purchase
This marks another significant addition to MicroStrategy’s already massive Bitcoin treasury. The company, founded by Bitcoin advocate Michael Saylor, continues to lead public firms in terms of BTC holdings and is positioning itself as a de facto institutional Bitcoin investment vehicle.
The move comes amid renewed institutional interest and increased global liquidity, with Bitcoin recently breaking above the $87,000 level after weeks of lower trading.
The timing of MicroStrategy’s acquisition points to a strategic buildout during a period of price consolidation and rising market confidence.
Saylor has repeatedly highlighted Bitcoin as the company’s primary treasury reserve asset, framing the cryptocurrency as a long-term hedge against inflation and fiat devaluation.
MicroStrategy’s latest acquisition adds to its growing total assets and underscores its ongoing strategy to aggressively expand its BTC position regardless of short-term market volatility.
*This is not investment advice.
