In a bold and ongoing move, Michael Saylor, the CEO of MicroStrategy (now renamed to Strategy), continues his strategy of buying Bitcoin. The company recently announced a new acquisition of 15,355 Bitcoin for $1.42 billion, raising its total holdings to 553,555 Bitcoin with a market value of approximately $37.9 billion, thus remaining the largest institutional holder of the digital currency.

Saylor's strategy is based on his belief that Bitcoin represents a superior store of value in the long term, a hedge against inflation, and a treasury reserve asset. MicroStrategy has financed these purchases through a mix of debt and equity issuances.

Despite significant volatility in the cryptocurrency market, Saylor remains confident in Bitcoin's long-term value, arguing that it will eventually reach much higher prices as institutional adoption increases. This strategy has sparked widespread debate in financial circles, with some viewing it as a risky gamble while others see it as an innovative step in institutional treasury management.