‘Still adding dots’: Michael Saylor’s Strategy buys another 1,587 bitcoin for $100 million as total holdings reach 846,842 BTC
Hex37's read
- Michael Saylor's MicroStrategy bought 1,587 BTC for $100M.
- MicroStrategy's total Bitcoin holdings now exceed 846,842 BTC.
- Their holdings represent over 4% of Bitcoin's total supply.
- The value of their holdings is approximately $56 billion.
What it means for traders
- Continued institutional accumulation by MicroStrategy signals strong conviction in Bitcoin's long-term value.
- This persistent buying pressure could support Bitcoin's price and potentially drive further upward momentum.
Affected markets
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