Michael Saylor’s Strategy Doubles Bitcoin Holdings Post-Election
- Strategy has accumulated a total of 628,791 BTC, valued at approximately $72.2 billion.
- Since November, the firm has acquired 376,571 BTC, marking a significant increase in holdings.
- In a recent SEC filing, Strategy reported purchasing 21,021 BTC for $2.46 billion, its third-largest acquisition by dollar value.
- The average purchase price for the latest acquisition was $117,256 per coin.
- Strategy posted a record profit of $10 billion in the second quarter and is now one of the most profitable finance companies in the U.S.
Michael Saylor describes Bitcoin as a “freedom virus,” emphasizing its global support and potential for growth within financial markets. The firm aims to outperform traditional investments by leveraging its Bitcoin strategy and issuing credit instruments.
With an average cost of $73,277 per coin, Strategy’s substantial Bitcoin holdings reflect its aggressive investment approach since Trump’s election victory and ongoing pro-crypto regulations.(Source)
