MicroStrategy Buys Another $623 Million in Bitcoin, Now Holds Over 1% of Total Supply Despite Market Volatility

MicroStrategy purchased an additional 9,245 Bitcoin for $623 million, bringing its total holdings to 214,245 BTC worth $13.6 billion
MicroStrategy's Bitcoin holdings now constitute over 1% of the total Bitcoin supply
The purchase was funded through convertible notes and excess cash, at an average price of $67,382 per Bitcoin
Shortly after the purchase, Bitcoin saw a flash crash on Bitmex exchange, temporarily dropping 80% to below $9,000
Despite market volatility, MicroStrategy states it will not sell its Bitcoin, viewing it as the "exit strategy" and strongest asset alongside big tech stocks