MicroStrategy Increases Bitcoin Holdings to 190,000 BTC

The software company's latest acquisition of 850 BTC for $37.2 million comes ahead of the anticipated Bitcoin halving event.

MicroStrategy added 850 bitcoin to its holdings in January, bringing its total to 190,000 BTC.
The additional bitcoin cost the company $37.5 million, with an average cost of $39,411 per bitcoin.
Since August 2020, MicroStrategy has strategically increased its bitcoin holdings, viewing it as a safe long-term investment and an inflation hedge.
The company's bitcoin strategy has resulted in a 240% increase in its stock since it began purchasing cryptocurrency.
MicroStrategy is the largest public holder of BTC, with its holdings valued at $8 billion at today's prices.