Michael Saylor continues his Bitcoin accumulation strategy, reaffirming his actions with a recent asset purchase. Since starting in 2020, the scale of his investments is impressive.
New Bitcoin Purchase
Strategy announced the purchase of an additional 4,225 Bitcoins for $472.5 million at an average price of $111,827. This was made between July 7 and 13, and now the company's total Bitcoin holdings are 601,550, valued at over $72 billion.
Return to Accumulation Strategy
Saylor continues his accumulation strategy, which he began with the purchase of the first Bitcoin on August 11, 2020. Over this time, the company has invested $42.87 billion into Bitcoin, with an average price of $71,268 per unit. This has given the company the largest Bitcoin reserves in the world.
Signals from Other Market Players
Other companies, such as Metaplanet and KULR, are also increasing their Bitcoin reserves, highlighting growing interest from institutional investors in cryptocurrency. Metaplanet in Japan currently holds 16,352 Bitcoins, while KULR has added an additional 90 Bitcoins to its portfolio.
Michael Saylor confidently continues to accumulate Bitcoin, making his strategy a benchmark for other players in the market. The success of his approach and continuous growth of reserves underline the increasing interest in Bitcoin from major investors.
