MicroStrategy’s Bitcoin treasury has increased significantly as it recently purchased 10,624 BTC for about $962.7 million, bringing its total Bitcoin holdings to 660,624 BTC. This acquisition comes even as the digital asset market sees reduced inflows, leading to a downturn in broader market conditions.

Saylor highlighted that the company has made total acquisitions worth approximately $49.35 billion at an average price of $74,696 per Bitcoin. The stock of MicroStrategy, however, has seen a 51% decline in the last year, currently trading at around $178.99, yet it still boasts unrealized gains of nearly $60 billion from its Bitcoin holdings.

During the recent Bitcoin MENA event in Abu Dhabi, Saylor met with various investors and sovereign wealth funds to promote Bitcoin as a new form of digital capital. “Bitcoin is digital capital. It’s digital gold,” Saylor stated, emphasizing the emergence of a new asset class called digital credit.

Despite recent concerns about the company’s financial stability, which led to fears regarding its ability to meet debt obligations, MicroStrategy has raised $1.44 billion to strengthen its position in the market.