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06/21 15:25Bullish

MicroStrategy Executive Chairman Michael Saylor Hi

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MicroStrategy Executive Chairman Michael Saylor Hints at Buying Bitcoin Again After Calling for Community Unity On Sunday, MicroStrategy Executive Chairman Michael Saylor hinted at buying Bitcoin (BTC) again. This came just hours after he called for unity among Bitcoin holders. The timing is somewhat unusual. Recent filings by MicroStrategy show that the company sold a small amount of Bitcoin, rather than bought any, and it hasn't disclosed any new purchases in three weeks. A chart shared by Saylor depicts the amount of Bitcoin MicroStrategy has held since 2020 and its average purchase price. Each orange dot represents a single purchase. According to regulatory filings, as of press time, MicroStrategy holds 846,842 BTC. The average cost is $75,658, and the current holding price is about 10% below cost. On Sunday, Bitcoin traded near $64,082, up 1.31% for the day. This brings the value of MicroStrategy's Bitcoin holdings to approximately $54.2 billion. Saylor's move has sparked speculation about a new wave of Bitcoin purchases, similar to his previous acquisition strategy. The company (formerly MicroStrategy) has been acquiring Bitcoin since 2020 and remains the largest corporate shareholder, holding a significant lead.
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