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MicroStrategy continues to stand out as one of the largest institutional investors in the cryptocurrency market, specifically in Bitcoin (BTC) 
$105,501. The company recently announced the purchase of an additional 15,400 BTC, bringing its total holdings to 402,100 BTC. This acquisition was made at an average price of $95,976 per BTC, which leads to a total value of approximately $23.4 billion for MicroStrategy’s Bitcoin assets.
Increasing Bitcoin Assets with New Purchases
According to MicroStrategy’s announcement, the latest BTC acquisition cost around $1.5 billion. The company noted that the average purchase price for its portfolio stands at $58,263 per Bitcoin.
Company officials indicated that the investment in Bitcoin has yielded a return of 38.7% as of the third quarter of the year, which has increased to 63.3% since the beginning of the year. MicroStrategy believes that Bitcoin will increase in value over the long term.
What Does MicroStrategy’s Strategy Mean?
MicroStrategy views its Bitcoin purchases as a reserve strategy. The company evaluates these purchases as a means to strengthen its balance sheet and as a precaution against future financial risks. Highlighting the limited supply of the largest cryptocurrency, MicroStrategy believes that Bitcoin will serve as a hedge against inflation in the future. This approach has already enabled MicroStrategy to establish a significant presence in the market.
With this latest acquisition, the company has become one of the largest holders of Bitcoin among institutional investors. Experts point out that MicroStrategy’s strategy has a confidence-boosting effect on the markets. As long as MicroStrategy maintains this approach, it is expected that institutional interest in the cryptocurrency market will continue to rise.
