Amid the bull market, Michael Saylor's MicroStrategy bought another $4.6 billion worth of Bitcoin. Saylor announced the purchase of Bitcoin on X. As a result, the company's holdings increased by 51,780 BTC.
So far, MicroStrategy’s “accumulate as much Bitcoin as possible” strategy has paid off extremely well, and the move has seen the company continue to increase its investment in Bitcoin.
With this investment strategy, MicroStrategy just buys more Bitcoin without looking at the price. Michael Saylor said MicroStrategy bought another $4.6 billion in Bitcoin .
With the latest purchase, MicroStrategy has increased its total holdings to 331,200 BTC. This is valued at a staggering $16.5 billion, but it is even more impressive when you consider the average cost per BTC. According to Saylor, the company purchased at an average price of $49,874 per Bitcoin.