According to BitcoinSistemi, MicroStrategy (MSTR) made a weekly Bitcoin purchase of 130 BTC for approximately $11.7 million at an average price of $89,960. The company now holds 650,000 BTC, purchased for around $48.38 billion. Additionally, MicroStrategy announced the creation of a $1.44 billion USD reserve to ensure short-term financial stability and cover at least 12 months of dividends. Founder Michael Saylor stated the reserve is a hedge against short-term market volatility and is separate from the Bitcoin reserve.
MicroStrategy Announces $11.7M Bitcoin Purchase and $1.44B USD Reserve
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