Market Update: Michael Saylor Doubles Down on Bitcoin
Even as Bitcoin faces volatility, billionaire Michael Saylor’s firm Strategy just bought 855 BTC (~$75M) at an average price near $88K, bringing its holdings to 713,502 BTC — one of the largest corporate treasuries ever.
This move comes despite a recent dip in BTC prices below Strategy’s average cost basis, briefly showing unrealized losses and pressuring its stock.
Saylor’s continued accumulation signals long-term conviction in Bitcoin’s value, potentially igniting renewed institutional interest even amid short-term market weakness.