๐ฐ MicroStrategy buys the dip โ Saylor adds $357 million in Bitcoin to the treasury!
As the market declines and traders flee, Michael Saylor doubles down ๐ฅ
In a bold move, Strategy (formerly MicroStrategy) purchased 3,018 Bitcoin for $356.9 million
๐ Average purchase price: $115,829 per Bitcoin
๐ The transaction took place between August 18 and 24 โ at the peak of the decline!
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๐ฆ The world's strongest Bitcoin treasury:
- Total holdings now: 632,457 BTC
- Current market value: $71.1 billion
- Total purchase cost: $46.5 billion
๐ Unrecognized gains: +53%!
Saylor is not just buyingโฆ he is inspiring others:
The Japanese Metaplant purchased an additional 103 BTC, raising its reserves to 18,991 BTC
SharpLink holds 740,760 ETH
Galaxy Digital, Jump Crypto, and Multicoin Capital are preparing to acquire a $1 billion Solana treasury
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๐ The market is fallingโฆ but the whales are moving
๐ CryptoQuant's bull index indicates a bear market
But Saylor sees the opportunity in the decline, continuing to build the treasury
"We have outperformed every asset class and the magnifacent 7," Saylor said on X
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๐ Are we witnessing a new institutional wave?
As retail retreats, whales and institutions fill the gap
Bitcoin is no longer just an alternative assetโฆ but a new financial standard
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