MicroStrategy aggressively acquired 6,220 Bitcoin worth $739.8 million after Trump signed the GENIUS Act. The company now holds 607,770 coins valued at $72 billion, making it the largest publicly traded corporate holder of Bitcoin. Strategy sold shares to fund the Bitcoin purchase, with an average BTC purchase price of $118,940.

Despite the signing of the GENIUS Act, Bitcoin did not experience a bullish run. The asset hit an all-time high of $123,091.61 on July 14 but was trading at $118,673.15 at press time. The House passed the GENIUS, CLARITY, and Anti-CBDC Acts, with Trump signing the first into law on July 18.

Read more at Yahoo Finance: MicroStrategy makes aggressive move as Trump signs landmark bill