MicroStrategy Doubles Down on Bitcoin Bet with $740M Purchase

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MicroStrategy reinforced its Bitcoin dominance last week, adding 6,220 BTC ($739.8M) to its treasury during BTC’s volatile climb past $122K.

The purchase brings its total holdings to 607,770 BTC ($43.6B average cost basis). CEO Michael Saylor noted the move pushed its YTD yield to 20.8%, nearing its 25% goal.

The buys were executed at an average of $118,940/BTC as prices corrected from all-time highs. MicroStrategy remains unwavering in its Bitcoin accumulation strategy despite market swings.