MicroStrategy Buys $1.11 Billion In $BTC , MSTR Stock Price Jumps - CoinGape Analytics

Irma - Sep 13 - - Dev Community

MicroStrategy announced on Friday it has acquired 18,300 BTC worth $1.11 billion, increasing its total Bitcoin holdings to 244,800 BTC, according to an SEC filing. Executive Chairman Michael Saylor revealed the firm’s BTC holdings are now valued at $9.45 billion.

Despite the large purchase, Bitcoin's price remained unchanged, trading sideways at around $57,836. Trading volume dropped by 15%, and BTC's decoupling from gold signaled a risk-averse market, with investors leaning toward traditional safe-haven assets.

MicroStrategy’s stock (MSTR) saw minimal movement, rising just 0.21% to $131.05 in premarket trading following the BTC purchase.

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