Largest Bitcoin treasury: MicroStrategy’s acquisition of 21,550 BTC elevates its total holdings to over 423,650 BTC, solidifying its position as the largest corporate holder of Bitcoin. This strategic move underscores the firm’s commitment to using Bitcoin as a robust treasury reserve asset.

Market impact: Despite the substantial purchase, Bitcoin’s price dropped over 2.5% shortly after the announcement. The volatility highlights the complex dynamics and risks involved in large-scale Bitcoin acquisitions. MicroStrategy’s strategic actions continue to influence market trends and investor sentiment.