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In a bold and ongoing move, Michael Saylor, the CEO of MicroStrategy (now rebranded to Strategy), continued his strategy of buying Bitcoin. The company recently announced a new acquisition of 15,355 Bitcoin for $1.42 billion, bringing its total holdings to 553,555 Bitcoin with a market value of approximately $37.9 billion, thus remaining the largest institutional holder of the cryptocurrency.

Saylor's strategy is based on his vision that Bitcoin represents a superior store of value in the long term, protection against inflation, and a reserve asset for the treasury. MicroStrategy financed these purchases through a mix of debt and equity issuances.

Despite the significant volatility in the cryptocurrency market, Saylor remains confident in Bitcoin's long-term value, arguing that it will eventually reach much higher prices as institutional adoption increases. This strategy has sparked widespread debate in financial circles, with some viewing it as a high-risk gamble while others see it as an innovative step in institutional treasury management.