#SaylorBTCPurchase Michael Saylor Doubles Down on Bitcoin
MicroStrategy, led by Michael Saylor, is again expanding its Bitcoin portfolio. The company has acquired an additional 122 BTC for approximately $7.8 million, reinforcing its position as the largest corporate holder of Bitcoin.
As of now, MicroStrategy owns over 214,400 BTC, purchased at an average price of about $35,180 per coin.
What this means for the market:
Confirmation of long-term trust from institutional investors in Bitcoin
Increased interest in the HODL strategy among large companies
Support for the BTC price level amid market volatility
Michael Saylor comments:
"Bitcoin is the only asset that is not subject to depreciation. We believe in its role as a reserve instrument in the digital age."
My opinion:
Every purchase by MicroStrategy is a signal to other major players. Against the backdrop of the approaching halving and decreasing BTC inflation, such actions may accelerate the next phase of growth.
What do you think?
Do you believe in further growth after Saylor's latest purchase? Share your thoughts in the comments‼️