Michael Saylor Makes Another Big Move: 6,556 BTC Purchase
Michael Saylor's company, MicroStrategy, has purchased 6,556 BTC for $555 million, bringing their total holdings to 214,400 BTC was incorrect and the actual is 538,200 BTC. This significant investment reinforces Saylor's confidence in Bitcoin as a digital store of value and protection against inflation.
Key Details
- *BTC Purchased:* 6,556
- *Purchase Price:* $555 million
- *Total Holdings:* 538,200 BTC
- *Funding:* Through stock offerings, demonstrating Saylor's conviction in Bitcoin.
Market Impact
- *Bitcoin Price:* +3.03% to $90,125.03
- *Investor Sentiment:* Saylor's bold move is likely to attract more investors to Bitcoin, solidifying its position as a digital gold standard.
