#SaylorBTCPurchase MicroStrategy, led by Michael Saylor, has been aggressively accumulating Bitcoin (BTC) as part of its corporate treasury strategy. Here are the latest updates on their BTC purchases:

### **Latest Purchase (April 2024)**

- **11,931 BTC** acquired for **$786 million** (average price: ~$65,883 per BTC).

- This brings MicroStrategy's total holdings to **214,400 BTC**, purchased for **$7.54 billion** (average price: ~$35,180 per BTC).

### **Key Details:**

- MicroStrategy is the largest publicly traded corporate holder of Bitcoin.

- Saylor advocates for Bitcoin as a hedge against inflation and a superior treasury reserve asset.

- The company funds purchases through debt offerings, stock sales, and excess cash.

### **Market Impact:**

- MicroStrategy's continued buying reinforces institutional interest in BTC.

- Some view their strategy as a bullish long-term bet on Bitcoin's price appreciation.