#SaylorBTCPurchase

Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), continues to make headlines with his aggressive Bitcoin acquisition strategy. In his latest move, the company purchased an additional 130 BTC for approximately $10.7 million at an average price of $82,981 per coin, bringing its total holdings to 499,226 BTC valued at around $33.1 billion .Cointelegraph+14FXStreet+14Cointelegraph+14Cointelegraph+4Investing.com+4U.Today+4

This acquisition is part of a broader strategy where Strategy utilizes traditional financial mechanisms, such as stock offerings, to fund its Bitcoin purchases. The recent buy was financed by selling 123,000 shares of its perpetual preferred stock, STRK, raising about $10.7 million . This methodical approach underscores Saylor's belief in Bitcoin as a superior store of value compared to traditional assets like bonds, which he has previously labeled as "toxic" .Investing.com