MicroStrategy Buys 55,500 BTC Worth $5.4 Billion

by Ouess

MicroStrategy has strengthened its Bitcoin holdings by acquiring an additional 55,500 BTC. Founder Michael Saylor announced that the purchase, made between November 18-24, 2024, cost the company $5.4 billion.

This move solidifies MicroStrategy’s position as the largest corporate Bitcoin holder. The company’s unwavering commitment to Bitcoin highlights its confidence in the cryptocurrency’s long-term value.

https://twitter.com/saylor/status/1861033309934862601

Saylor’s Strategy

Michael Saylor has been a vocal advocate for Bitcoin, viewing it as a superior store of value compared to traditional assets. This recent acquisition aligns with his strategy of using Bitcoin as a hedge against inflation and a means of preserving corporate wealth.

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