Michael Saylor's MicroStrategy has added 27,200 bitcoin to its holdings. The company paid roughly $2B on this latest acquisition. MicroStrategy now owns 279,420 BTC, worth nearly $23B, as bitcoin reached a new high of $82,000.

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The firm's entire bitcoin investment is $11.9B — resulting in an amazing $11B profit. MicroStrategy's bitcoin performance for the quarter is 7.4%, with a year-to-date return of more than 26%.

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Their newest acquisition has already yielded more than $200 million in profits. They paid an average price of $74,463 per coin. Since then, each coin has appreciated by approximately $8,000.

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MicroStrategy's plan entails issuing shares to purchase bitcoin. This strategy raises both bitcoin's price and MSTR's share worth. As a result, MSTR shares rose 9% in pre-market trading to $295. The company's aggressive decisions continue to pay off. MicroStrategy remains the largest corporate bitcoin holder, strengthening its position in the cryptocurrency market.

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