Michael Saylor, co-founder and chairman of MicroStrategy, once again drew the attention of the crypto community by making another large Bitcoin purchase. His company acquired over 1000 BTC, spending about 70 million dollars — the average purchase price was ~$65,000 per coin.
🔍 Why is this important?
MicroStrategy is the largest corporate holder of BTC. At the time of the last purchase, the company owns over 214,000 BTC, which is equivalent to tens of billions of dollars.
Saylor adheres to a "Buy and Hold" strategy. He is convinced that Bitcoin is "digital gold" and the best protection against inflation.
Purchases occur even at highs. This signals the market that long-term investors are willing to accumulate BTC regardless of short-term price fluctuations.
📊 How is the market reacting?
After such news, the price of Bitcoin often receives short-term support. Market participants view MicroStrategy's actions as an indicator of trust in the asset from major players.
💬 Saylor's quote:
“We don’t intend to sell. Ever. Our strategy is simple — accumulate bitcoin as fast as we can.”
🧠 What does this mean for the investor?
If the largest institutional players continue to buy BTC even at local highs, it indicates their confidence in long-term growth. MicroStrategy's purchases not only strengthen Bitcoin's position as a legitimate investment tool but can also influence the adoption of cryptocurrencies in the corporate environment.