Michael Saylor Announces 1,036-Bitcoin Acquisition as MicroStrategy Holds 850,364 BTC

Michael Saylor, co-founder and executive chairman of MicroStrategy, announced the acquisition of 1,036 Bitcoin (BTC), adding to the business intelligence firm's already large cryptocurrency holdings. Saylor also announced a $188 million repurchase of STRC. MicroStrategy held 850,364 BTC as of Nov. 8 and had $4.9 billion in U.S. dollar assets on that date. The figures show the scale of the company's existing Bitcoin position alongside the new acquisition. MicroStrategy is a business intelligence firm that has made Bitcoin a primary reserve asset. Saylor has advocated for that approach, and the company has become a major corporate holder of the cryptocurrency. His acquisition announcements are closely watched as markers of the firm's continued activity in Bitcoin.

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