Under Michael Saylor’s leadership, the company recently purchased approximately $75 million worth of Bitcoin shortly before last week’s sudden Bitcoin market crash. Following this additional acquisition, the company now holds a total of 713,502 Bitcoins, bought at an average price of around $76,052 per Bitcoin. Currently, Bitcoin’s market price is near $77,000. Known as a major Bitcoin investor, Saylor’s company has significantly increased its Bitcoin holdings over recent years, reflecting a strategy to adopt digital cryptocurrency as a long-term investment. Bitcoin, the world’s largest and most well-known cryptocurrency, has attracted considerable investor interest in recent years, despite its price volatility. The sharp fluctuations in Bitcoin last week have once again introduced uncertainty into the crypto market, causing concern among investors. However, the company’s recent move indicates confidence in Bitcoin’s long-term value despite the market’s unpredictability. Given the ongoing volatility in the cryptocurrency market, investors are advised to exercise caution and closely monitor market conditions, as further price changes in Bitcoin may impact the global crypto market.
Source: coindesk
