Citigroup increased its MicroStrategy holdings to 723,016 shares. The position is worth approximately $41.2 million. Traditional financial institutions are increasingly using the stock as a proxy for Bitcoin exposure. This move reflects growing institutional confidence in the company’s Bitcoin-centric strategy.
MicroStrategy reportedly purchased an additional 2,543 BTC. The acquisition carries an estimated value of $170 million. This move would solidify the company’s status as the largest corporate Bitcoin holder. The firm reportedly funded the purchase through the sale of perpetual preferred stock. MicroStrategy has not yet officially confirmed the transaction.