The Software Giant Has Announced That It Has Acquired an Additional 12,000 Bitcoins, Equivalent to an Investment of Approximately $821.7 Million. MicroStrategy CEO Michael Saylor Announced the News on Platform "X" at the Start of the New Trading Week. This Latest Investment Raises the Total Value of the Company's Bitcoin Holdings to an Impressive $6.91 Billion. The Average Price for the Purchased Coins Was Reported at $33,706.

At the time of purchase, the rate for a Bitcoin was at approximately 68,477 U.S. dollars, showing that the company still has a lot of confidence in the cryptocurrency, despite the significant increase in value over the past few months. Meanwhile, a Bitcoin is already being traded at around 71,600 U.S. dollars, which corresponds to a considerable appreciation. Since the beginning of March 2024, MicroStrategy holds a total of 205,000 Bitcoins, which currently have a total value of 14.7 billion U.S. dollars.

As a company active in the software sector and offering business intelligence solutions, MicroStrategy has established an impressive reputation as one of the largest Bitcoin investors. Given the strong price development in the crypto market, it is therefore not surprising that the company's stock has also recorded substantial price gains. Since the beginning of the year, the value of the stock has risen by 145 percent, and over a twelve-month period, it has even increased by almost 600 percent.

On Monday, the rally of MicroStrategy stock continued its positive progression. During NASDAQ trading, the value of the stock temporarily increased by 4.11 percent to 1,484.23 US dollars. These figures indicate that the confidence in both Bitcoin and the company itself remains unbrokenly strong and continues to be at a high level.