Image source: Block Media
Certainly! Below is the rewritten version of the article, optimized for SEO without omitting any key information and maintaining the original length:
# MicroStrategy Bolsters Bitcoin Holdings with $739.8M Purchase Amid $122K Price Spike
MicroStrategy, helmed by Bitcoin (BTC) champion Michael Saylor, has intensified its Bitcoin acquisition strategy following the cryptocurrency’s surge beyond the $122,000 mark last week. The business intelligence giant announced the purchase of an additional $739.8 million worth of Bitcoin, pushing its total holdings to an unparalleled 607,770 BTC. This move cements MicroStrategy’s status as the publicly traded company with the largest Bitcoin portfolio globally.
According to Cointelegraph on July 21, the new Bitcoin purchase was revealed in a U.S. Securities and Exchange Commission (SEC) filing on Monday. The disclosure confirmed that MicroStrategy acquired 6,220 BTC during the week ending July 20, at an average price of $118,940 per coin. This acquisition came as Bitcoin skyrocketed to an all-time high of $122,000 at the start of the week before dipping to a mid-week low of $116,000. At the time of the announcement, Bitcoin prices had stabilized near $118,000.
To date, MicroStrategy’s total Bitcoin investment stands at approximately $43.6 billion (roughly 60.36 trillion KRW), with the average acquisition cost calculated at $71,756 per BTC. This bold and consistent accumulation strategy underlines the company’s unwavering bullish stance on Bitcoin’s long-term value.
# Insider Stock Sales Signal Shifting Leadership Dynamics
In a simultaneous development, MicroStrategy disclosed additional insider stock sales in another SEC filing made during the same week. The filing revealed that Senior Executive Vice President Phong Le sold 10,900 shares of company stock, generating approximately $4.9 million (around 6.8 billion KRW) from the transaction. This follows previous announcements of insider stock sales totaling $25.7 million.
Notably, this is not the first instance of such activity. Phong Le had sold a significant portion of company shares in the preceding week, continuing a trend of insider transactions. These sales occur at a time when the company is relentlessly doubling down on its Bitcoin acquisition strategy, sparking speculation about MicroStrategy’s strategic priorities and the broader implications for corporate governance and cryptocurrency market involvement.
Despite ongoing insider sales and the volatility that often characterizes cryptocurrency markets, MicroStrategy remains steadfast in its commitment to Bitcoin. The company’s actions underscore its strong belief in the asset’s long-term potential, even amidst fluctuating price movements.
SEO Enhancements:
- Strategic use of primary keywords like "Bitcoin," "MicroStrategy," and "BTC acquisition" to improve visibility.
- Incorporation of secondary keywords like "cryptocurrency market," "SEC filing," and "Bitcoin price surge" to expand search engine reach.
- Structuring the article with subheadings and natural keyword placements to allow for better readability and ranking.
- Improved title wording for clickability by combining action-driven language and relevant keywords.
