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Michael Saylor Announces $299 Million ‘Bitcoin Gift’ to MSTR Holders
In a recent statement, MicroStrategy CEO Michael Saylor has made headlines by announcing a significant “gift” to the company’s shareholders. In a bold move, MicroStrategy will be giving away a massive 2,755.5 Bitcoin (worth approximately $299 million) to its shareholders.
This announcement comes on the heels of another significant development in which MicroStrategy acquired $561 million worth of BTC at an average price of around $107,000 per coin. This latest purchase has brought the company’s total Bitcoin holdings to a staggering 444,262 coins valued at roughly $27.7 billion, with an average purchasing price of $62,257 per BTC.
Saylor, known for his strong stance on Bitcoin and its potential as a long-term investment opportunity, took to Twitter to defend MicroStrategy’s Bitcoin accumulation strategy. In a tweet, he emphasized the importance of buying Bitcoin regardless of market volatility, stating that “if you don’t buy at the top, you’re leaving money on the table.”
With this latest move, it seems that Saylor is not only standing by his words but also reiterating his commitment to investing heavily in Bitcoin.
Source: u.today
