Make those eight in a row.

The precise strategy Announce today An additional $209 million worth of Bitcoin was purchased, the eighth consecutive weekly purchase. The cloud computing company turned Bitcoin developer says it paid an average price of $97,837 for 2,138 bitcoins.

This means that Microstrategy, already the world's largest bitcoin holder, now owns a total of 446,400 bitcoins, worth about $41 billion today.

Company founder and CEO Michael Saylor first began acquiring Bitcoin for his Microstrategy treasury in 2020 following the pandemic-induced market collapse in March of that year. As the Federal Reserve prepared to pump trillions into the US economy, Saylor seized the opportunity — and hasn't looked back since.

As more and more bitcoins have been slowly purchased over the years, Microstrategy has recently increased its pace. On the Monday following Donald Trump's election day victory, the company announced one of its largest purchases ever, acquiring more than $2 billion in Bitcoin With an average price of $74,463. I followed up with Another worth $4.6 billion The following week, then upped the ante again the following week with Largest single purchase to date: $5.4 billion in one clip.

The company has continued to buy Bitcoin every week since then, with no sign of slowing down.

Saylor's bullish moves typically boost Bitcoin's price, but today's market action has been muted so far. Bitcoin is down about 2% on the day, from a high of $94,000 today to about $91,700 as of this writing. This is a long way from the all-time high of $108,135, which the coin reached just two weeks ago, but Saylor doesn't seem worried at all.

Microstrategy has spent roughly $27.9 billion building its Bitcoin treasury, nearly doubling its investments to date, Saylor said. reminder His followers on X (formerly known as Twitter).

So what's the game plan? When will Microstrategy sell its Bitcoin and start cashing out those gains? Not anytime soon, and perhaps not ever, if Saylor's words can be taken seriously. In an interview with CNBC earlier this month. Saylor said: “We'll keep buying the top forever.”