MicroStrategy bought 99.2% of all corporate BTC acquired last week

MicroStrategy's (MSTR) $39 million Bitcoin purchase last week accounted for 99.2% of all BTC acquired by publicly traded companies holding the asset in their treasuries, DL News reported. According to data from BitcoinTreasuries.NET, 193 public companies currently hold Bitcoin. Besides MicroStrategy, only three other firms purchased BTC last week, acquiring a combined total of $305,000. The outlet noted that other companies appear to lack the institutional funding or cash reserves to keep pace with MicroStrategy's accumulation strategy.