Microstrategy Adds Over $1.5 Billion Worth of Bitcoin to Its Reserves

Microstrategy, the world's largest publicly traded holder of bitcoin, has continued its aggressive accumulation strategy by purchasing over $1.5 billion worth of the cryptocurrency.

The company acquired 22,337 BTC between March 9 and March 15 at an average price of $70,194 per coin, bringing its total holdings to 761,068 BTC.

Microstrategy's total bitcoin reserves now represent more than 3.5% of the total supply, according to the company's disclosures.