📈 Michael Saylor has bought bitcoins again: what does this mean for the market?
Michael Saylor, co-founder and chairman of MicroStrategy, has once again attracted the attention of the crypto community by making another large Bitcoin purchase. His company acquired over 1000 BTC, spending around 70 million dollars — the average purchase price was ~$65,000 per coin.
🔍 Why is this important?
MicroStrategy is the largest corporate holder of BTC. At the time of the last purchase, the company owns more than 214,000 BTC, which is equivalent to tens of billions of dollars.
Saylor adheres to a "Buy and Hold" strategy. He believes that Bitcoin is "digital gold" and the best hedge against inflation.
Purchases occur even at highs. This signals to the market that long-term investors are willing to accumulate BTC regardless of short-term price fluctuations.
📊 How is the market reacting?
After such news, the price of Bitcoin often receives short-term support. Market participants perceive the actions of MicroStrategy as an indicator of confidence in the asset from major players.
