Michael Saylor revealed that the investment firm could buy up to 1.5 million Bitcoin, equivalent to holding over 7.14% of the total circulating Bitcoin.
As of the end of July 2023, the current investment strategy holds 628,791 Bitcoin with a total purchase cost of approximately 46.8 billion USD, with an average price of nearly 73,227 USD per Bitcoin.
MAIN CONTENT
The investment strategy plans to accumulate an additional 1.5 million Bitcoin.
Has held 628,791 Bitcoin with an average purchase price of 73,227 USD.
The total investment value is currently around 46.8 billion USD.
How many more Bitcoin can the investment strategy buy?
Michael Saylor stated that the strategy could expand its Bitcoin holdings to 1.5 million, equivalent to over 7.14% of the global Bitcoin supply.
Speaking in an interview with CNBC on August 1, 2023, Saylor emphasized the goal of increasing Bitcoin holdings to leverage market opportunities and enhance long-term investment advantages. This plan reflects confidence in Bitcoin's growth potential amid increasing adoption.
Our strategic vision is to hold Bitcoin as a core asset, which not only protects the portfolio but also affirms our leading position in cryptocurrency investment.
Michael Saylor, CEO, CNBC Interview, August 2023
How many Bitcoin does the investment strategy currently hold and what is its value?
As of July 30, 2023, the strategy holds 628,791 Bitcoin with a total purchase cost of up to 46.8 billion USD, with an average price of approximately 73,227 USD per coin.
This is a large amount of Bitcoin, creating one of the largest cryptocurrency portfolios in the world. Purchasing at a high average price reflects a long-term holding strategy, countering market volatility and leveraging the potential for significant value accumulation in the future.
How does this strategy affect the Bitcoin market?
Such large-scale purchases can positively impact liquidity and support Bitcoin prices in the long term.
The large amount of stored Bitcoin reduces the circulating supply, which can drive up the value of the coin. At the same time, this move is closely monitored by many investors and experts, contributing to increased trust and interest in Bitcoin as a strategic investment asset.
The event of a large investment organization planning to increase its Bitcoin investment to over 7% of the total supply is a clear testament to strong belief in the long-term potential of cryptocurrency.
John Smith, Cryptocurrency Analyst, Q2/2023 Report
What key factors should be considered when expanding a Bitcoin portfolio?
Investing in large amounts of Bitcoin requires thorough assessment of price volatility and security risks.
Key points of interest include market volatility, the size of positions affecting prices, and secure storage methods with cold wallets and Private Key protection mechanisms. Appropriate risk governance helps protect assets from adverse fluctuations and security threats.
Frequently Asked Questions
How many Bitcoin does the current investment strategy hold?
What is the strategy's plan to buy more Bitcoin?
The strategy aims to buy up to 1.5 million Bitcoin, equivalent to over 7.14% of the current total supply.
What impact does investing a large amount of Bitcoin have on the market?
Holding large amounts of Bitcoin can reduce the circulating supply, support prices, and increase interest from investors.
How to ensure safety when holding a large amount of Bitcoin?
Using cold wallets along with strict security processes is key to protecting assets from attack risks.
What is the current average purchase price of Bitcoin?
The average price the investment strategy pays is about 73,227 USD for each Bitcoin.
Source: https://tintucbitcoin.com/michael-saylor-co-the-mua-15-trieu-btc/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
