MicroStrategy Bolsters Bitcoin Holdings to Over 720K Coins

MicroStrategy, a business intelligence firm, has continued its aggressive expansion of its Bitcoin reserves with a recent purchase of 3,015 coins worth approximately $204 million.

The acquisition brings the company's total Bitcoin holdings to 720,737, which represents over 3.4% of the maximum supply cap of 21 million coins.

The cumulative average cost per bitcoin is around $75,985, indicating that MicroStrategy has invested a significant amount in the digital asset since initiating its accumulation strategy in 2020.