🔥 JUST IN: Michael Saylor’s MicroStrategy Buys 7,390 $BTC Worth $765M 🔥
📅 Purchased between May 12 – May 18, 2025
💸 Average Price: $103,498 per BTC
📊 Total Holdings: 568,840 BTC (~$33.1B value)
🚀 Impact: Bullish signal for Bitcoin & crypto market confidence boost
🧠 What This Means for the Crypto Market:
Michael Saylor’s aggressive accumulation of Bitcoin sends a strong bullish signal across the crypto space. Here's how it affects the market:
🔹 Bitcoin Confidence Skyrockets: When the biggest corporate holder of BTC doubles down at over $100k per coin, it reinforces long-term belief in Bitcoin’s value — especially during price uncertainty.
🔹 Market Sentiment Boosted: Institutional accumulation = market trust. Other firms and investors may follow suit, leading to potential price surges and FOMO buying.
🔹 Reduced Supply Pressure: With MicroStrategy locking up more BTC, circulating supply drops, possibly creating scarcity effects that drive prices up further.
🔹 Altcoins Benefit Indirectly: As BTC gains strength, liquidity often flows into altcoins after major Bitcoin moves — meaning we could see broader market pumps.
🔹 Legal Drama Adds Intrigue: Despite a class action lawsuit against MicroStrategy, the company continues buying aggressively — signaling resilience and dedication to their Bitcoin thesis.
📍 Current BTC Price: ~$102,600
📉 MicroStrategy’s avg buy-in is ~$66,384 per BTC — they’re well in profit
💬 “Bitcoin is the ultimate asset in the digital age,” says Saylor.