In a demonstration of MicroStrategy's unwavering dedication to Bitcoin, the software company has added an additional 5,445 BTC into its corporate treasury.

This latest procurement, executed on September 24th, 2023, comes at an average price of around $27,053 per Bitcoin, resulting in a total investment of $147.3 million.

With this acquisition, MicroStrategy's total Bitcoin holdings now stand at an astonishing 158,245 BTC, secured at an average cost of approximately $29,582 per Bitcoin, equivalent to roughly $4.68 billion.

Michael Saylor, MicroStrategy's founder and chairman, remains a vocal advocate for Bitcoin, praising it as the digital equivalent of gold and highlighting its significance as a strategic asset within the company's treasury reserves. 

This recent addition further solidifies MicroStrategy's status as one of the dominant institutional investors in Bitcoin.

The company initially entered the Bitcoin market in August 2020 with its first purchase, and it has been continuously accumulating Bitcoin since then, even leveraging debt to facilitate some acquisitions.

Throughout this journey, Saylor has consistently emphasized that Bitcoin is undervalued in comparison to other opportunities.

As Bitcoin's recognition as a store of value and potential hedge against economic instability continues to grow, it remains to be seen whether more institutions will imitate MicroStrategy's lead.

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