Michael Saylor’s Strategy Acquires $264M in Bitcoin (BTC)
- Strategy purchased an additional 2,932 BTC for approximately $264.1 million.
- The firm now holds a total of 712,647 BTC valued at around $54.19 billion.
- Average acquisition cost per Bitcoin stands at $76,037 across all holdings.
- Bitcoin is currently trading at approximately $88,535.
Despite recent downturns in the crypto market, Michael Saylor’s Strategy remains committed to accumulating Bitcoin. Saylor believes that Bitcoin has moved past its riskiest phase and anticipates significant institutional adoption moving forward.
With this latest acquisition, Strategy reinforces its position as the largest corporate holder of Bitcoin, highlighting its ongoing bullish stance on the cryptocurrency’s future value. (Source)
