Michael Saylor Doubles Down – MicroStrategy Adds Another $1.1B in Bitcoin
Crypto Market Update:
In another bold move, Michael Saylor and MicroStrategy have snapped up an additional $1.1 billion worth of Bitcoin (BTC). This latest acquisition brings their total BTC stash to over 214,000 coins, solidifying their position as the top corporate Bitcoin holder globally.
Why It’s Big:
Institutional Trust: Saylor’s unshaken commitment to BTC underscores its growing role as digital gold.
Market Reaction: The news gave Bitcoin a boost, lifting it from recent dips to trade near $73,800.
Smart Timing: The purchase aligns with surging ETF inflows and shrinking exchange balances, hinting at upward pressure on price.
Saylor’s Gameplan:
“We don’t sell Bitcoin. We just keep buying,” Saylor shared on X. MicroStrategy’s diamond-hands approach continues to set the pace for institutional adoption.
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