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News Explorer — MicroStrategy Continues to Increase Its Bitcoin Holdings, Now Worth $6.6 Billion

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Nov 30, 3:29 pm
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MicroStrategy Continues to Increase Its Bitcoin Holdings, Now Worth $6.6 Billion

MicroStrategy, a tech company, has increased its Bitcoin holdings to 174,530 BTC, worth approximately $6.6 billion. The company recently purchased an additional 16,130 BTC for $593.3 million, bringing their total investment in cryptocurrency to $5.28 billion. MicroStrategy's decision to invest in Bitcoin has proven successful, with their stock price rising 238% since adopting the "Bitcoin standard."

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