Oct. 6 at 7:56 PM
MicroStrategy , the world’s largest corporate holder of Bitcoin, did not purchase any new cryptocurrency last week, even as Bitcoin continued its rally. The company currently holds 640,031 Bitcoin, acquired for about
$47.35 billion at an average of
$73,983 per token. Its most recent purchase was in late September, adding 196 tokens for
$22.1 million.
Shares of MicroStrategy rose 1.7% to
$357.66, outperforming the S&P 500’s 0.4% gain. Bitcoin has climbed sharply, up 9.4% over the past few days and 13.7% over the last 30 days, briefly surpassing
$125,000. Analysts link the rally partly to political uncertainty from the government shutdown, a trend observed in previous shutdowns.
Executive chairman Michael Saylor continues to encourage holders to “HODL” (hold on for dear life), emphasizing long-term confidence in Bitcoin.
$MSTR $MSTZ $AAPL $NFLX $BTC.X
