Michael Saylor's Strategy acquires another 1,587 bitcoin for $100 million
Hex37's read
- Michael Saylor's company bought 1,587 BTC.
- The acquisition cost $100 million.
- Average purchase price was $63,024 per BTC.
What it means for traders
- Continued institutional accumulation of Bitcoin suggests strong conviction in its long-term value.
- This purchase at $63,024 may set a new floor for BTC if Saylor's strategy proves successful.
Affected markets
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