Michael Saylor Signals Strategy Will Buy the $BTC Bitcoin Dip
MicroStrategy co-founder Michael Saylor has signaled an impending Bitcoin purchase by the company, as BTC's price hovers around $117,000.
Key Takeaways
Recent $BTC Acquisition: Strategy purchased 155 BTC for $18 million, bringing its total holdings to 628,946 BTC, valued at over $74.2 billion.
Unrealized Gains: The company is up over 60% on its BTC investment, representing over $28 billion in unrealized gains.
Bitcoin Corporate Treasury Model: Strategy has pioneered this model, attracting institutional and retail investors who cannot or do not want to custody crypto.
Saylor's Focus on Bitcoin
No Concern about Altcoin Treasury Companies: Saylor believes the vast majority of capital flowing into the space is going into Bitcoin.
Laser-Like Focus on Bitcoin: Strategy has gone from 60 companies capitalizing on Bitcoin to 160 in just six months.
Strategy's Bitcoin Holdings
Largest Corporate Holder: Strategy holds 628,946 BTC, more than the top 10 Bitcoin treasury companies combined.
Accelerated Purchases: The company has more than doubled its Bitcoin holdings since the US presidential election, acquiring 376,726 BTC in nine months.
Will Strategy's buying strategy continue to drive Bitcoin's price up?
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