Michael Saylor’s Firm Resumes Weekly Bitcoin Purchases After Brief Pause
- Michael Saylor’s firm resumed its weekly Bitcoin purchases after a one-week break at the end of March.
- The last reported purchase was on March 23, totaling approximately $77 million at $74,326 per coin.
- Estimates suggest the firm could acquire at least 1,821 BTC based on funds raised for the week ending April 3.
- The firm has acquired a total of 762,099 BTC at an average cost of $75,694 per coin.
- Currently, Bitcoin is priced around $69,100 and has increased by about 1.2% over the past month.
Despite a temporary halt in buying activities, Saylor’s firm continues to show strong commitment towards accumulating Bitcoin. The firm’s strategy involves funding purchases through sales of its preferred stock and common shares.
With plans to raise $44.1 billion for further acquisitions, the firm’s holdings remain under pressure due to current market conditions despite recent gains in Bitcoin prices over the last month.
