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Michael Saylor's company, Strategy (formerly MicroStrategy)
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$BTC #SaylorBTCPurchase Michael Saylor's company, Strategy (formerly MicroStrategy), continues its aggressive Bitcoin acquisition strategy, significantly impacting the cryptocurrency market. ๐ Recent Bitcoin Acquisitions Between May 26 and June 1, 2025, Strategy purchased an additional 705 Bitcoins for approximately $75.1 million, averaging about $106,495 per Bitcoin. This marks the eighth consecutive week of Bitcoin purchases, bringing the company's total holdings to 580,955 BTC, acquired at an average price of $70,023 per coin. ๐ง Saylor's Vision: Bitcoin as a Strategic Asset Michael Saylor advocates for the United States to acquire up to 20% of the Bitcoin supply, positioning it as a strategic reserve asset. He argues that such a move could strengthen the U.S. dollar and provide economic benefits, warning that if other nations act first, they could gain significant financial influence. ๐ฐ Funding the Bitcoin Purchases To finance these acquisitions, Strategy is raising capital through various means, including a recent $250 million offering of 10% Perpetual Stride preferred stock. The proceeds are intended for additional Bitcoin purchases and general corporate purposes. ๐ Market Influence and Political Climate Strategy's persistent buying activity has contributed to Bitcoin's price surge, which recently peaked near $112,000. The company's holdings now represent approximately 2.7% of Bitcoin's total supply. Additionally, the pro-crypto stance of the current U.S. administration, including proposals for a national Bitcoin reserve, has further bolstered investor confidence. For investors and market observers, Strategy's actions underscore the growing institutional interest in Bitcoin and its potential role in national economic strategies.
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