MicroStrategy buys an additional 51,780 BTC, pushing Bitcoin holdings past $30 billion

News that MicroStrategy, the company with the largest Bitcoin holdings in the world, has purchased an additional 51,780 BTC has caused its stock price to soar.
On the 18th (local time) on the New York Stock Exchange, MicroStrategy recorded a price of $384.79 (approximately 60,000 yen), up 12.96% from the previous trading day.
According to a report submitted by MicroStrategy to the U.S. Securities and Exchange Commission (SEC) on the same day, MicroStrategy sold 51,000 Bitcoins between the 11th and the 17th.
The company purchased an additional 780 BTC. Prior to this, the company purchased more than 27,000 BTC between the 31st of last month and the 10th of this month. In September, it also purchased 25,700 BTC in two installments.
As a result, the company's total Bitcoin holdings increased to 331,200 BTC, which is equivalent to approximately 30 billion dollars (approximately 42 trillion yen) in today's value.
MicroStrategy has revealed that it is buying Bitcoin to hedge against inflation.
As a result, stock prices have fallen 70% since the election of Donald Trump, the cryptocurrency's parent, and 50% since the start of the year.
9% since January 2019 and 3,100% since August 2020.