MicroStrategy Buys 705 Bitcoin for $75.1 Million, Holdings Rise to 580,955 BTC

MicroStrategy Inc., the enterprise-software company chaired by Michael Saylor, said on June 2 that it acquired 705 bitcoin between May 26 and June 1 for about $75.1 million, translating to an average purchase price of roughly $106,495 per coin.
The latest transaction brings the company’s total hoard to 580,955 bitcoin, accumulated at a combined cost of approximately $40.68 billion, or an average $70,023 each. Saylor added that the position has delivered a 16.9% bitcoin yield so far in 2025.
Speaking to CNBC, Saylor said he intends to keep raising funds to expand MicroStrategy’s bitcoin reserves and sees “no limit” on future purchases, underscoring the firm’s commitment to using its balance sheet and capital-markets activities to amass the cryptocurrency.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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