Michael Saylor, the largest public Bitcoin investor, recently revealed its latest Bitcoin purchases as the cryptocurrency faced a downturn due to rising geopolitical tensions. The firm acquired 245 BTC for $26 million in the week ending Sunday, as disclosed in a filing with the US Securities and Exchange Commission. The average cost per coin was $105,856, with Bitcoin's price dropping from approximately $108,900 on June 16 to just under $99,000 at its lowest point. This latest acquisition brings the company's total Bitcoin holdings to 592,345 BTC, valued at around $41.9 billion, with an average purchase price of $70,681. Notably, this was one of the smallest purchases in recent months, raising questions about the decision to buy less during a price dip. Saylor's strategy emphasizes buying at peak prices, with a commitment to continue purchasing Bitcoin regardless of future price increases. Following these acquisitions, the company's year-to-date Bitcoin yield stands at 19.2%, aiming for a target of 25% by the end of 2025. Read more AI-generated news on: https://app.chaingpt.org/news

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