MicroStrategy’s Bitcoin holdings have surpassed 450,000 Bitcoin following its latest acquisition during a market dip.

The company announced on January 13th that it had purchased $243 million worth of Bitcoin at an average price of $95,972 per Bitcoin, according to founder and chairman Michael Saylor

This acquisition brings the company's total Bitcoin holdings to over 450,000 Bitcoin, with a cumulative investment of $28.2 billion at an average purchase price of $62,691 per Bitcoin.

The purchase took place during a weeklong market correction starting on January 7th, when Bitcoin's price dropped below the $100,000 level.

This activity aligns with broader market behavior, as hedge funds have also been increasing their Bitcoin holdings during the price correction. 

As a result, Bitcoin exchange reserves reached a near seven-year low as of January 13th.

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