Saylor's $2.54 Billion Bitcoin Purchase Marks Third Largest in Company History
MicroStrategy's CEO Michael Saylor's company purchased 34,164 BTC for $2.54 billion, marking the third-largest single-week Bitcoin buy in company history. The purchase was largely funded by STRC preferred stock sales, with the company's Bitcoin holdings now totaling 815,061 BTC at an average cost of $75,527. This move has pushed the company's Bitcoin treasury back into positive territory.
Topics: Bitcoin Investment Strategy Market Impact Saylor STRC