Microstrategy has made yet another significant Bitcoin acquisition, announcing a $209 million purchase on Monday. This marks the company’s eighth consecutive weekly buy, adding 2,138 BTC at an average price of $97,837 per coin. With this purchase, Microstrategy solidifies its position as the largest corporate holder of Bitcoin, now owning a total of 446,400 BTC valued at approximately $41 billion.
Since first embracing Bitcoin in 2020 during the economic uncertainty of the pandemic, Microstrategy, led by founder and executive chairman Michael Saylor, has steadily increased its holdings. The company’s purchasing pace has accelerated in recent months, highlighted by monumental acquisitions like a $2 billion buy following Donald Trump’s election victory and a record-breaking $5.4 billion purchase weeks later.
Despite Bitcoin’s recent price dip—down 2% on the day to around $91,700 from a high of $94,000—Saylor remains unfazed. Microstrategy has invested $27.9 billion to build its Bitcoin treasury, with its holdings nearly doubling in value. On X (formerly Twitter), Saylor reiterated his long-term confidence, stating that the company plans to “keep buying the top forever.”
For now, there appears to be no intention of selling. In a recent CNBC interview, Saylor emphasized his unwavering bullishness on Bitcoin, suggesting Microstrategy’s strategy remains focused on accumulating and holding the digital asset indefinitely.