MicroStrategy, a top corporate Bitcoin (BTC) holder, just acquired 2,530 BTC for $243 million.A recent 8-K form filed by MicroStrategy with the United States Securities and Exchange Commission (SEC) reveals that the company paid an average price of $95,972 per Bitcoin with its latest investment. Considering that at the time of writing Bitcoin changes hands at $91,777, this investment is currently losing nearly 4.4%.Still, the document also shows that MicroStrategy currently owns about 450,000 BTC, acquired at an average price of $62,691 per Bitcoin, including fees and expenses. The total purchase price of those assets is approximately $28.2 billion, over 45.5% lower than the current value of Bitcoin, which is $41.04 billion.What is MircoStrategy?MicroStrategy is a publicly traded business intelligence company founded in 1989 that pivoted to acquire as much Bitcoin as possible in 2020. The company now holds well over 1% of all Bitcoin that will ever exist and is now well underway to get its hands on 2%.Through this strategy, MicroStrategy secured its place as the top corporate Bitcoin holder. When investing in Bitcoin was near to impossible for highly-regulated institutional investors the company was also one of the best ways for those players to gain leveraged exposure to Bitcoin.Late November reports highlighted how major Wall Street companieswere accumulating MicroStrategy sharesas a way to gain leveraged exposure to Bitcoin. Benchmark analyst Mark Palmer wrote in a note to investors at the time:MSTRs ability to generate compounding yield on its bitcoin holdings, enabled by leverage accrued through the repeated tapping of the U.S. capital markets, differentiates its stock from alternative means of gaining exposure to bitcoin such as spot bitcoin ETFs.Back in late November when Bitcoin was approaching $100,000 for the first time MicroStrategy shares fell significantly. Major investment firm Citron Research explained at the time that the company decided to short MicroStrategy while going long on Bitcoin:With Bitcoin investing easier than ever [], [MicroStrategy]s volume has completely detached from BTC fundamentals. While Citron remains bullish on Bitcoin, weve hedged with a short [MicroStrategy] position.The post MicroStrategy acquries 2,530 BTC for $243 million appeared first on ReadWrite.