MicroStrategy expanded its Bitcoin holdings by adding 220 BTC while the price stayed firm above $114,000.
Summary
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The company bought 220 BTC for $27.2 million.
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Total holdings reached 640,250 BTC, valued near $73 billion.
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The purchase was funded through stock offering programs.
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188 public companies now hold Bitcoin worldwide.
On October 23, MicroStrategy announced its latest Bitcoin purchase. The company acquired 220 BTC between October 6 and 12 at an average price of $123,561.
Funds came from its STRF, STRK, and STRD stock programs, which raised about $27.3 million during the same period.
MicroStrategy now controls around 3% of Bitcoin’s total supply. The company continues to lead all corporations in Bitcoin accumulation.
This new purchase reflects MicroStrategy’s strong belief in Bitcoin’s future. Institutional demand also remains high as Bitcoin holds steady near $115,000.