MicroStrategy's Michael Saylor Invests $150 Million in Bitcoin
TL;DR Summary
MicroStrategy, chaired by Michael Saylor, has purchased an additional 3,000 Bitcoin for $155.4 million, increasing its total holdings to around 193,000 Bitcoin valued at approximately $9.88 billion. Saylor views Bitcoin as an inflation hedge and alternative to holding cash, and has stated that there's "no reason to sell the winner." The average price for the latest acquisition was $51,813, contributing to the company's average holding price of $31,544.
- MicroStrategy, chaired by billionaire crypto evangelist Michael Saylor, just dropped over $150 million to buy thousands of Bitcoin Fortune
- MicroStrategy's Saylor Buys Another 3000 Bitcoin for $155.4 Million (MSTR) Bloomberg
- Why MicroStrategy Stock Surged to a New 52-Week High Today The Motley Fool
- Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth CoinDesk
- MicroStrategy's Saylor Buys 3,000 More Bitcoin for $155.4 Million Yahoo Finance
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