Derived from Cryptofrontnews, MicroStrategy (MSTR) has purchased 850 BTC for $99.7 million, continuing its Bitcoin accumulation strategy despite recent market declines. The company funded the purchase by selling $80.6 million in MSTR shares and $19.4 million in STRF shares. CEO Michael Saylor reaffirmed the company’s long-term commitment to Bitcoin, stating no intention to sell holdings. This marks the eighth consecutive week of Bitcoin purchases, with MicroStrategy now holding 639,835 BTC, acquired for a total of $47.33 billion. Despite a five-month low for MSTR stock and a recent pullback in Bitcoin’s price, the company remains undeterred in its strategy.
MicroStrategy Buys 850 BTC for $99.7M Amid Market Downturn
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