Michael Saylor says he is buying Bitcoin as Strategy tops 720K BTC

Share This Post

Michael Saylor is loading up more Bitcoin, the executive chairman and co-founder of Strategy said Tuesday.

The statement came as Bitcoin bounced back from earlier losses that pushed it below $66,500. The digital asset was trading at about $68,500 at press time, up 7% in the last seven days, CoinGecko data shows.

Under Saylor’s leadership, Strategy has made Bitcoin a central pillar of its corporate strategy. The enterprise software company maintains its position as the largest corporate holder of Bitcoin globally

Following its disclosed acquisition of 3,015 BTC last week, Strategy now holds 720,737 BTC worth approximately $49 billion.

Saylor has emerged as one of the most prominent advocates for corporate adoption of the decentralized digital currency. His public endorsements are credited with influencing other major companies, including Tesla, to add Bitcoin to their balance sheets.

The executive has characterized Bitcoin as a superior monetary instrument and continued to share real-time updates on his personal and corporate accumulation activity.

Related Posts

Dango Blockchain to Shut Down, Halt Perp DEX Trading

Layer-1 blockchain Dango will wind down operations by halting...

Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program

The Bitcoin Policy Institute and three partner organizations will...

Russia’s largest bank Sberbank plans crypto trading infrastructure by December

Russia’s largest bank, Sberbank, plans to build cryptocurrency trading...

North Korea arrests hackers accused of laundering stolen bank funds through crypto

North Korean authorities arrested former military hackers accused of...

Mirae plans to turn crypto exchange Korbit into something Korea hasn’t seen before

Korbit currently holds less than 1% of South Korea's...

Poolin files for bankruptcy after collapse from bitcoin’s biggest mining pool

Bitcoin mining company Poolin has filed for bankruptcy alongside...