Michael Saylor's MicroStrategy Buys $168M in Bitcoin (BTC) Amid Market Activity

MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has significantly increased its cryptocurrency holdings. The company's latest acquisition of 3,000 Bitcoin (BTC) for approximately $168 million underscores its continued bullish strategy. This purchase, executed between March 11 and March 18, was funded from excess corporate cash. With this addition, MicroStrategy's total Bitcoin treasury now stands at 214,246 BTC, acquired for an aggregate purchase price of about $7.53 billion. The average price per Bitcoin in the company's portfolio is roughly $35,160. This move highlights institutional confidence and a long-term holding strategy in the digital asset space, often referred to as "hodling."