Bitcoin

MicroStrategy (MSTR) has further cemented its position as the largest corporate Bitcoin holder. The company has acquired 55,500 BTC for $5.4 billion. The purchase, completed over six days, brings the company&#39;s total holdings to 386,700 BTC. The current value of the holding is approximately $38 billion.The company executed the purchase at an average price of $97,862 per coin. This was following last week&#39;s successful <a href="https://cryptotale.org/microstrategy-raises-3b-for-bitcoin-metaplanet-follows/" rel="noopener noreferrer nofollow">$3 billion convertible debt offering</a>. The zero-coupon notes, due 2029, feature a 55% conversion premium, equal to a share price of about $672.40.MicroStrategy&#39;s Executive Chairman, Michael Saylor, continues to strongly advocate for <a href="https://cryptotale.org/btc-hits-98k-amid-market-gains-and-extreme-greed-sentiment/" rel="noopener noreferrer nofollow">Bitcoin</a>. He recently declared, &#34;Bitcoin: There is no second best&#34; and dismissed traditional fiat currency believers as &#34;poor.&#34; In a presentation to Fortune 1000 company representatives in May, Saylor outlined his comprehensive Bitcoin thesis. He also emphasized digital transformation&#39;s critical role in modern economics.<a href="https://cryptotale.org/microstrategy-continues-btc-accumulation-with-5-4b-purchase/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

MicroStrategy Continues BTC Accumulation with $5.4B Purchase

CryptoTale

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