#SaylorBTCPurchase
Michael Saylor's Strategy has been actively purchasing Bitcoin, showcasing its strong confidence in the cryptocurrency's long-term value. Here are some key points about Saylor's BTC purchases ¹ ² ³:
- *Recent Purchases*: Strategy bought 3,459 BTC for $285 million, bringing its total holdings to 531,644 BTC valued at $44.9 billion. Additionally, it purchased 6,556 BTC for $555 million, increasing its holdings to 538,200 BTC.
- *Average Price*: The company acquired Bitcoin at an average price of $67,556 and $67,766 per coin, with unrealized profits reportedly above $9.1 billion and $10.36 billion.
- *Investment Strategy*: Saylor's strategy involves buying Bitcoin regardless of market volatility, treating it as digital gold and a superior store of value. This approach has attracted significant institutional investment.
- *Institutional Exposure*: Over 13,000 institutions and 814,000 retail accounts hold MSTR directly, with 55 million beneficiaries having indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.
- *Market Impact*: Saylor's purchases have contributed to the growth of Bitcoin's price, and his company's inclusion in the Nasdaq 100 index is expected to draw more capital into the cryptocurrency market.
Saylor's commitment to Bitcoin has positioned Strategy as a leader in the crypto industry, with its Bitcoin holdings valued at $46.83 billion and $47 billion.