Saylor Signals Another Bitcoin Buy Amid Market Downturn
Cointelegraph
MicroStrategy's co-founder Michael Saylor indicated the company is buying more Bitcoin as the price nears $66,000.Summary
Michael Saylor, co-founder of MicroStrategy, signaled that the company is purchasing more Bitcoin (BTC) as its price hovers near $66,000, posting "The Second Century Begins" alongside an accumulation chart. MicroStrategy's last recorded purchase was 3,015 BTC in late February for over $204 million, bringing its total holdings to 720,737 BTC. The company continues to accumulate BTC through financing despite a broad market downturn, even though its current holdings are valued below its average purchase cost of approximately $75,985 per BTC. Saylor has dismissed the idea of acquiring competitors or distressed BTC treasury companies due to the prolonged uncertainty involved in mergers and acquisitions.
(Source：Cointelegraph)