MicroStrategy (NASDAQ: MSTR) has reaffirmed its confidence in the long-term potential of Bitcoin, with CEO Michael Saylor remaining bullish on the world’s most valuable asset class. The business intelligence giant, led by Saylor, has recently disclosed a purchase of 14,620 BTC for $615.7 million, pushing total holdings to 189,150 BTC at an approximate cost of $5.9 billion.
The company’s proactive crypto strategy aligns with the growing institutional interest in digital assets, as Bitcoin is seen as a valuable hedge against inflation and a store of value. MicroStrategy’s move brings it close to owning 1% of the total Bitcoin supply, with the valuation of its Bitcoin holdings representing about 0.7% of the entire market capitalization of the leading digital asset.
Despite recent price fluctuations in the cryptocurrency market, MicroStrategy’s CEO has expressed his belief that Bitcoin is the currency of the future. This optimism is reflected in the company’s strategic accumulation of digital assets, solidifying its standing as a major player in the crypto space.