#SaylorBTCPurchase
**Dear Friends,**
Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), is once again making waves with a major Bitcoin acquisition. The company, already recognized as the world’s largest corporate holder of Bitcoin, has added 15,350 BTC to its holdings, valued at $1.5 billion.
Despite a tough recent run for cryptocurrencies, the stock of Strategy (which recently announced its name change from MicroStrategy) saw a 6.8% drop on Tuesday, closing at $274.13. Meanwhile, the S&P 500 index also fell by 0.8%.
This latest purchase further solidifies Saylor’s strategy of making Bitcoin the company's primary reserve asset, while continuing to champion institutional adoption of the digital currency.
**Details of the Purchase:**
- **Amount acquired:** 15,350 BTC
- **Total value:** $1.5 billion
- **Average price per BTC:** $106,533
- **Total Bitcoin held by the company:** 439,000 BTC, with an estimated value exceeding $45 billion.