Microstrategy announced a $47 million Bitcoin purchase following Trump's inauguration. The company's total BTC holdings have reached $46.48 billion.
Microstrategy's Bitcoin Purchase
Microstrategy has made a significant Bitcoin purchase, investing $47 million, as announced by the company's founder, Michael Saylor. The average purchase price has not yet been disclosed.
Implications of Michael Saylor's Statement
Saylor's announcement came immediately after Donald Trump's inauguration speech. Saylor commented, “The company of the 47th President of the United States purchased $47 million worth of BTC.”
Reign of the First Crypto-Friendly President
Saylor is known to support Trump, who has become the first cryptocurrency-friendly president of the United States, promising to establish a Bitcoin Strategic Reserve.
Microstrategy continues to increase its investment in Bitcoin under the leadership of Michael Saylor, while the US government, according to Trump, is ready to support the development of cryptocurrency.
