Key facts
- MicroStrategy purchased 1,587 Bitcoin for $100 million.
- Michael Saylor confirmed the acquisition via social media.
- The company's total Bitcoin holdings now stand at 846,842 BTC.
- MicroStrategy's USD reserves increased to $1.1 billion.
MicroStrategy Executive Chairman Michael Saylor confirmed the company's latest Bitcoin acquisition, purchasing 1,587 BTC for $100 million. Saylor hinted at the purchase via social media, sharing the "Orange Dots" chart, which tracks the company's Bitcoin acquisitions, with the caption "Still adding dots." He later responded "Conviction" when asked about the buying signal, seemingly confirming the company's continued accumulation of the cryptocurrency.