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Bullish

MicroStrategy Reaches 100th Bitcoin Purchase Milestone, Acquires 592 BTC for $39.8 Million

In a landmark move for corporate Bitcoin adoption, MicroStrategy has announced its 100th official Bitcoin purchase. The business intelligence firm, led by executive chairman Michael Saylor, added 592 BTC to its treasury reserves last week at an average price of approximately $67,200 per coin, totaling a $39.8 million investment. This strategic acquisition solidifies MicroStrategy's position as the largest publicly traded corporate holder of Bitcoin. The company's unwavering accumulation strategy highlights a significant long-term bullish thesis on the premier cryptocurrency. With this latest purchase, MicroStrategy's total holdings now exceed a substantial figure, consistently reinforcing its commitment to Bitcoin as a primary treasury reserve asset. Market analysts view these recurring purchases as a major vote of confidence in Bitcoin's store-of-value proposition.
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