Michael Saylor Announces 1,036-Bitcoin Acquisition as MicroStrategy Holds 850,364 BTC

Michael Saylor, co-founder and executive chairman of MicroStrategy, announced the acquisition of 1,036 Bitcoin (BTC), adding to the business intelligence firm's already large cryptocurrency holdings.

Saylor also announced a $188 million repurchase of STRC. MicroStrategy held 850,364 BTC as of Nov. 8 and had $4.9 billion in U.S. dollar assets on that date. The figures show the scale of the company's existing Bitcoin position alongside the new acquisition.

MicroStrategy is a business intelligence firm that has made Bitcoin a primary reserve asset. Saylor has advocated for that approach, and the company has become a major corporate holder of the cryptocurrency. His acquisition announcements are closely watched as markers of the firm's continued activity in Bitcoin. The latest update combines an addition to the company's Bitcoin treasury with a separate STRC repurchase.

The company has been a significant player in crypto, with its Bitcoin position built through an acquisition strategy Saylor has publicly championed.