Michael Saylor Signals Resumption of Bitcoin Acquisitions
- Michael Saylor indicated a potential announcement for new Bitcoin purchases could come soon, possibly on Monday.
- The company sold 32 BTC between May 26 and May 31 for approximately $2.5 million, averaging $77,135 per Bitcoin.
- As of June 7, Strategy holds a total of 843,706 BTC, maintaining its status as the largest publicly listed corporate holder.
- Saylor’s recent social media posts suggest a shift back to acquiring more Bitcoin after a three-week pause.
- CEO Phong Le and CFO Andrew Kang sold over $15 million in MSTR stock last week amid criticism regarding insider selling motives.
The recent sale of Bitcoin has raised discussions within the crypto community as it contrasts with Strategy’s buy-and-hold approach. The proceeds from this sale are intended to meet obligations related to preferred stock issuances.
Despite the recent sale, Strategy remains the largest corporate holder of Bitcoin with significant holdings still intact. The company’s next moves will be closely watched following this brief hiatus in purchasing activity.(Source)
