Michael Saylor’s Strategy Acquires 21,021 Bitcoin for $2.46 Billion

Michael Saylor indicated that Strategy could hold over 7.14% of the total Bitcoin supply, reflecting its strong commitment to digital assets.

BTC

Summary

In an interview with CNBC, Michael Saylor revealed that Strategy may purchase up to 1.5 million Bitcoins, potentially representing over 7.14% of the total supply. Currently, Strategy holds 628,791 Bitcoins, with a total purchase cost of about $46.8 billion and an average price of approximately $73,227 per Bitcoin.

Terms & Concepts
  • Bitcoin (BTC): A decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network.
  • Strategy: Michael Saylor's Bitcoin-focused company, formerly known as MicroStrategy, which invests heavily in Bitcoin.