#note
Saylor is buying BTC again — another +$555 million in a week
Michael Saylor is not cooling down — he still considers Bitcoin the best asset on the planet. Just in the last week, his company Strategy (formerly MicroStrategy) purchased 6,556 BTC for a total of $555.8 million. The average price was $84,785 per coin.
They now have a balance of 538,200 BTC. This is over 2.5% of all existing Bitcoin. Saylor says he will aim for $42 billion in BTC assets by 2027, regardless of market conditions.
Interestingly, the funds for the purchase again did not come from the balance sheet, but through the issuance of shares and convertible bonds. Yes, this is a risky bet, but Saylor is clearly playing the long game — and he has a strategy.
I’ll be honest: when you see someone investing half a billion in BTC at highs — you can’t help but wonder if you are entering the market too “gently” 😅
Image taken from finbold.com
