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Michael Saylor’s Strategy Buys $110 Million Worth of Bitcoin
As reported by CryptoPotato, Michael Saylor’s strategy has once again made a significant move in the crypto market. In a recent announcement, it was revealed that his strategy has acquired 1045 BTC for approximately $110.2 million at an average price of $105,426 per bitcoin.
This latest purchase further solidifies Saylor’s stance on Bitcoin, which he has consistently advocated as a reliable and profitable investment option. As previously reported by CryptoPotato, Strategy has already accumulated a massive stash of 582,000 BTC acquired for approximately $40.79 billion at an average price of $70,086 per bitcoin.
As the company continues to diversify its corporate treasury with Bitcoin, it is clear that Saylor’s unwavering faith in the cryptocurrency remains unshaken. His stance has been evident throughout his tweets and statements, as he emphasizes the potential for Bitcoin to reach a price of $1 million once institutional investors allocate 10% of their reserves into it.
It is essential to note that Strategy’s recent purchase does not come as a surprise, considering the company’s historical approach to buying Bitcoin.
Source: cryptopotato.com
