Michael Saylor reports MicroStrategy holds 499,096 Bitcoin unchanged
@saylor: Saylor reports Bitcoin holdings
Michael Saylor, Executive Chairman of MicroStrategy, has confirmed that the company did not engage in any activity involving its class A common stock or Bitcoin acquisitions last week.
In a tweet, Saylor detailed that MicroStrategy currently holds 499,096 Bitcoin, which the firm acquired for approximately $33.1 billion, averaging about $66,357 per Bitcoin. This data highlights MicroStrategy's ongoing position as a significant institutional holder of the cryptocurrency.
MicroStrategy's multi-billion-dollar investment in Bitcoin underscores the company's long-term confidence in the digital asset, amidst a landscape where corporate involvement in cryptocurrencies continues to grow. Michael Saylor has been an outspoken advocate for Bitcoin, frequently highlighting its potential as a reliable store of value and hedge against inflation.
Loading...
In the previous news, tweet author Michael Saylor discussed Bitcoin's long-term prospects.
