#SaylorBTCPurchase Michael Saylor's MicroStrategy has significantly increased its Bitcoin holdings, purchasing an additional 11,931 BTC for approximately $786 million. This latest acquisition brings their total Bitcoin to an impressive 226,331 BTC, now valued at over $15 billion.
This move underscores MicroStrategy's position as the leading corporate holder of Bitcoin, now controlling more than 1% of Bitcoin's circulating supply. Michael Saylor's continued conviction is a significant driver of institutional investment in the cryptocurrency.
The purchase highlights a growing belief in Bitcoin's role as a dependable store of value, particularly in the face of economic uncertainty. Market reaction to this news signals strong confidence among major players in Bitcoin's future and reinforces its narrative of scarcity and value.