“Just another (almost) normal week. Michael Saylor, head of Strategy, just announced a massive purchase of 8,178 Bitcoins for $836 million. This acquisition brings his total Bitcoin assets to 649,870 BTC, or approximately $62 billion. With an average purchase price of $74,433 per Bitcoin, it continues to demonstrate unwavering confidence in the leading cryptocurrency […]”, — write: businessua.com.ua
Just another (almost) normal week. Michael Saylor, head of Strategy, has just announced a massive buying 8,178 bitcoins for $836 million. This acquisition brings his total Bitcoin assets to 649,870 BTC, or approximately $62 billion. With an average purchase price of $74,433 per Bitcoin, it continues to perform unwavering confidence in the leading cryptocurrency despite market fluctuations.
Key points of this article:
- Michael Saylor announced a massive purchase of 8,178 Bitcoins for $836 million, bringing his total holdings to 649,870 BTC.
- Saylor’s aggressive buying strategy, despite market volatility, reflects unwavering confidence in Bitcoin, solidifying his position as one of the largest institutional holders.
An aggressive procurement strategy that shows no sign of abating Since my first Bitcoin purchase in August 2020 Michael Saylor turned his company into a real one reserve bitcoins Thanks to this latest acquisition Strategy now owns more than 3% of the total bitcoin volume making it the largest institutional owner in the world.
The average purchase price of Strategy shares is $74,433 per BTC which is well below the current market price, allowing her to make a theoretical profit of Rs $13.3 billion . This one aggressive the purchase strategy was funded by the sale of several perpetual preferred shares, including STRK, STRF, STRC and STRE.
Michael Saylor continues to be the most watched DCA in the cryptocurrency world with 8,178 BTC – Source: Account X
Unshakable faith in Bitcoin Despite the recent rumors about a possible sale 47,000 BTC he confirmed that he did not sold none bitcoin . “We buy. In fact, we buy a lot,” – he stated to X, thus dispelling these speculation .
Capital structure Strategy designed to last 90% Bitcoin Price Drop (!), says Michael Saylor. Having a debt of 8 billion dollars compared with 61 billion dollars in assets bitcoins the company remains confident in its ability to continue buying more bitcoins, even in the event of a market correction.
Having almost 650,000 BTC in the pocket, Michael Saylor continues to make big bets on Bitcoin. His aggressive buying strategy, financed by the sale of preferred shares, shows unwavering confidence in the cryptocurrency. While the market remains volatile, Strategy’s CEO proves he’s ready for the long haul, even as many of his critics are already predicting disaster in the event of a bear market.
Source: journalducoin.com
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