"MicroStrategy's $600 Million Bitcoin Purchase Secures 1% of Total Supply"

MicroStrategy has purchased an additional 9,245 Bitcoin, bringing their total holdings to 214,245 BTC, worth around $13.6 billion—constituting over 1% of the total supply of Bitcoin. The purchase was made using proceeds from convertible notes and excess cash, at an average price of $67,382 per Bitcoin. Despite a flash crash on the Bitmex exchange, causing the value of the latest purchase to drop to around $581.2 million, MicroStrategy's co-founder Michael Saylor remains bullish on Bitcoin, stating that the digital asset is the company's "exit strategy" and has no plans to sell its holdings.