In a new move that reflects his ongoing confidence in Bitcoin, Strategy, led by Michael Saylor, announced the purchase of an additional 13,390 bitcoins for a total value of $1.34 billion, at an average price of around $100,000 per bitcoin.
🧾 Deal details:
Number of bitcoins purchased: 13,390 BTC
Total value of the purchase: $1.34 billion
Average purchase price: $100,000 per bitcoin
Total holdings after the deal: 568,840 BTC
Total market value of the holdings: around $59 billion
With this expansion, Strategy continues to solidify its position as the largest institutional holder of Bitcoin in the world, currently owning about 2.7% of the total supply of the currency.
💡 Why is this important?
Long-term belief: Michael Saylor sees Bitcoin as the 'digital gold' and maintains a continuous buying approach.
Market impact: Such moves boost investor confidence in the market and drive towards broader institutional adoption.
Bold strategy: Adopting Bitcoin as a primary cash reserve is considered an unconventional direction and sparks widespread discussion in financial circles.
📉 What about the stock?
Despite strengthening its Bitcoin holdings, this has not immediately reflected on the company's stock performance, indicating a cautious sentiment in the market towards this type of digital asset-based strategies.
🧠 Final word:
Saylor's bold bet on Bitcoin continues strongly. With the global shift towards digitization and monetary inflation, investor eyes remain focused on this unique experiment.
Do you think this strategy will pay off? Do you see other companies following Strategy's approach? Share your thoughts in the comments 👇
#MichaelSaylor #SaylorBTCPurchase #CryptoNews
