MicroStrategy Buys 245 Bitcoins for $26 Million Amid Geopolitical Tensions

币界网报道:MicroStrategy has purchased an additional 245 bitcoins for approximately $26 million, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The acquisition, completed between September 5 and September 19, was made at an average price of around $26,800 per bitcoin. This latest purchase brings MicroStrategy’s total bitcoin holdings to 158,245 bitcoins, acquired for a total of $4.68 billion, with an average purchase price of approximately $29,582 per bitcoin. The company’s executive chairman, Michael Saylor, emphasized that the decision to buy more bitcoin was driven by the ongoing geopolitical tensions and macroeconomic uncertainties, which he believes highlight bitcoin’s role as a hedge against inflation and currency devaluation. MicroStrategy has been one of the most aggressive corporate adopters of bitcoin, consistently adding to its holdings despite market volatility. The company’s strategy revolves around holding bitcoin as a long-term treasury reserve asset, a move that has drawn both praise and skepticism from investors and analysts. Saylor reiterated his bullish stance on bitcoin, calling it “digital gold” and a superior store of value compared to traditional assets. The purchase was funded through excess cash and follows MicroStrategy’s previous announcements of planned bitcoin acquisitions as part of its corporate treasury strategy. The company’s stock, which is often seen as a proxy for bitcoin’s performance, has experienced significant fluctuations alongside bitcoin’s price movements. Despite the recent downturn in bitcoin’s price, MicroStrategy remains committed to its accumulation strategy, betting on bitcoin’s long-term appreciation potential. The filing also noted that MicroStrategy may continue to acquire additional bitcoin depending on market conditions and available resources. This latest move underscores the company’s confidence in bitcoin’s value proposition amid global economic instability.

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