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MicroStrategy Buys 1,550 Bitcoin for $101.3 Million

Created at 8 Jun · 12:05 PM5 sources↑ Market-relevant3 events
IN SHORT

MicroStrategy has resumed its Bitcoin accumulation strategy, purchasing 1,550 BTC for $101.3 million. This acquisition brings the company's total holdings to over 845,000 BTC, and it has also increased its USD reserve to $1 billion.

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Key Numbers

1,550 BTCBitcoin purchased
$101.3 millionAcquisition cost
845,256 BTCTotal Bitcoin holdings
$100 millionUSD Reserve increase
$1 billionTotal USD Reserve

Who's Involved

MicroStrategy
Company that purchased Bitcoin
Michael Saylor
Executive associated with MicroStrategy's Bitcoin strategy
MicroStrategy Buys 1,550 Bitcoin for $101.3 Million

↳ Why This Matters

MicroStrategy's consistent Bitcoin purchases highlight its ongoing commitment to the cryptocurrency as a primary treasury reserve asset, influencing market sentiment and demonstrating corporate adoption.

Key facts

  • MicroStrategy purchased 1,550 Bitcoin.
  • The acquisition cost was $101.3 million.
  • MicroStrategy's total Bitcoin holdings now stand at 845,256 BTC.
  • The company increased its USD Reserve by $100 million to $1 billion.

MicroStrategy has resumed its strategy of accumulating Bitcoin, announcing the purchase of 1,550 BTC for $101.3 million. This move signals continued confidence in the cryptocurrency as an investment. The company's total Bitcoin holdings now exceed 845,000 BTC. Additionally, MicroStrategy has increased its USD reserve by $100 million, bringing the total to $1 billion.

Frequently asked questions

The purchase was made by MicroStrategy.

MicroStrategy acquired 1,550 Bitcoin.

The acquisition cost $101.3 million.

MicroStrategy's total Bitcoin holdings now amount to 845,256 BTC.

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Cadence

How It Developed

8 Jun · 1:15 PM
MicroStrategy has resumed its Bitcoin purchases after a sale, acquiring 1,550 BTC for $101 million.
Bitcoin Magazine
8 Jun · 12:48 PM
MicroStrategy's total Bitcoin holdings now exceed 845,000 BTC, and its USD reserve has been increased to $1 billion.
@CoinDesk via PiQSuite
8 Jun · 12:03 PM
Michael Saylor's Strategy acquired 1,550 Bitcoin for $101.3 million, as announced via a tweet.
@BitcoinMagazine via PiQSuite

Sources

T1
Strategy (MSTR) Restarts Bitcoin Purchases After Selling, Buys 1,550 BTC for $101 MillionBitcoin Magazine
T1
Michael Saylor's Strategy buys another 1,550 bitcoin for $101 million after small sale as total holdings rise to 845,256 BTCThe Block
T1
JUST IN: Michael Saylor's Strategy buys 1,550 Bitcoin for $101.3 million 🚀 https://t.co/o77zazy62b@BitcoinMagazine via PiQSuite
T1
JUST IN: Michael @Saylor's @Strategy acquires 1,550 $BTC for $101M, bringing total holdings to 845,256 $BTC and topping up its USD Reserve by $100M to $1B . https://t.co/zzkwEKMjbv@CoinDesk via PiQSuite
T1
Last week, Michael Saylor's Strategy sold 32 Bitcoin. This week, they bought 1,550 BTC — more than 48x what they sold. https://t.co/ZKM4IeYRq6@BitcoinMagazine via PiQSuite

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