Michael Saylor Expands MicroStrategy's Bitcoin Holdings by 6,220 BTC
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Michael Saylor Expands MicroStrategy's Bitcoin Holdings by 6,220 BTC

MicroStrategy's latest acquisition brings its total Bitcoin stash to over 607,000 BTC, reinforcing its position as a major player in the cryptocurrency market.

Michael Saylor’s firm, MicroStrategy, has made headlines again with a recent acquisition of 6,220 Bitcoin between July 14 and July 20, at a cost of approximately $740 million. This purchase comes on the heels of Bitcoin’s slight decline from its peak of $123,000. With this latest addition, MicroStrategy’s total Bitcoin holdings now exceed 607,770 BTC, representing 3.05% of the total Bitcoin supply, valued around $72 billion at current market prices.

Saylor BTC

Saylor’s strategy is noted for capitalizing on market fluctuations, exhibiting a tendency to buy on dips. During this buying spree, Bitcoin averaged $118,940 per BTC. This strategy has been formalized through regulatory filings that align with Saylor’s historical approach of maximizing purchases when markets are volatile.

🇺🇸 @saylor can’t be stopped: 🪙 Strategy just bought 6,220 BTC for $740M — now holding 607,770 BTC (that’s 3% of all BTC ever). Average cost: $71,756, but the latest buy? $118,940 per coin 🤯

This acquisition was fueled by a blend of equity and debt financing, illustrating Saylor’s commitment to positioning MicroStrategy as a leading Bitcoin institutional player. Observers suggest that this investment not only boosts the firm’s asset portfolio but also signifies Saylor’s entrenched belief in Bitcoin as a premier treasury asset.

Key Takeaways

  1. Michael Saylor continues to grow MicroStrategy’s Bitcoin holdings with $740 million invested in the latest round.
  2. The company now boasts over $71 billion in Bitcoin assets, reinforcing its status as the largest corporate holder in the crypto space.
Next article

$125,000 Bitcoin by End of July? Polymarket Wagers Say Yes

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