MicroStrategy completed its 100th Bitcoin acquisition by purchasing 592 BTC between February 17 and February 22. The company paid approximately $39.8 million for the additional coins. This transaction brings the firm's total holdings to 717,722 bitcoins. MicroStrategy funded the purchase through the sale of its Class A common stock. Recent market declines have placed these extensive crypto holdings in an unrealized loss position.
Asset manager Jane Street increased its stake in MicroStrategy by 473%. The firm now holds 951,000 shares in the company. This position is valued at approximately $121 million. The move reflects a growing trend of institutions using MicroStrategy stock as a regulated vehicle for Bitcoin exposure. This significant investment underscores institutional confidence in the company’s long-term cryptocurrency strategy.