Michael Saylor’s Strategy Buys Another 2,932 Bitcoin for $264 Million as Total Holdings Reach 712,647 BTC

MicroStrategy, the enterprise software firm led by Bitcoin maximalist Michael Saylor, has once again substantially expanded its digital asset reserves. The company announced the acquisition of an additional 2,932 Bitcoin (BTC) for approximately $264 million in cash. This aggressive move translates to an average purchase price of roughly $90,000 per BTC, signaling profound conviction in the asset’s long-term trajectory, even at premium valuations. Following this transaction, MicroStrategy’s total consolidated holdings have ballooned to an unprecedented 712,647 BTC. This immense portfolio reinforces the company’s status as the world’s largest corporate holder of Bitcoin. The funds for this latest acquisition were reportedly sourced from recent capital market activities, maintaining the firm’s strategy of utilizing debt or equity financing to acquire BTC. Michael Saylor has consistently maintained that Bitcoin represents the superior treasury reserve asset, offering a hedge against monetary expansion and providing long-term value preservation. This continuous dollar-cost averaging strategy, regardless of market volatility or price peaks, underscores MicroStrategy’s commitment to transforming its balance sheet into a pure-play investment vehicle for institutional Bitcoin exposure. The market generally views these large-scale corporate purchases as strong indicators of sustained institutional demand.

Source: Michael Saylor’s Strategy buys another 2,932 bitcoin for $264 million as total holdings reach 712,647 BTC