Michael Saylor Bitcoin Purchase Pushes MicroStrategy’s Holdings to 845,050 BTC

Michael Saylor is back at the buying table. The Michael Saylor Bitcoin purchase disclosed this week adds 4,603 BTC to MicroStrategy’s balance sheet at a cost of $370 million, ending a ten-week stretch without new acquisitions and reigniting questions about how far corporate treasuries are willing to go in backing the world’s largest cryptocurrency.

Key takeaways

• Michael Saylor’s MicroStrategy bought 4,603 BTC for $370 million, ending a 10-week pause in purchases.
• Total Bitcoin holdings at the company now stand at 845,050 BTC.
• MicroStrategy also announced a $152 million share repurchase alongside a $29 million increase in USD cash reserves.
• Bitcoin’s market currently shows mixed signals with no clear trading volume data reported alongside the news.

Michael Saylor and MicroStrategy Resume Bitcoin Purchases

MicroStrategy has stepped back into the Bitcoin market after sitting on the sidelines for roughly two and a half months. The move signals that Saylor’s long-running accumulation strategy hasn’t gone cold — it simply paused, and now it’s picking back up at scale.

… Continue reading the full article at the original source below.