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Michael Saylor’s Strategy Buys Bitcoin Dip, Holding 632K BTC Now
In a bold move, Michael Saylor’s strategy has acquired a significant amount of Bitcoin, further solidifying its position as one of the largest holders of the cryptocurrency. The company has added 3,081 new Bitcoins to its portfolio, taking its total holdings to an astonishing 632,457 BTC.
The acquisition comes at a time when Bitcoin’s price has taken a dip, with prices fluctuating between $112,000 and $116,700. Despite this uncertainty, Saylor’s firm remains committed to its long-term strategy of accumulating the cryptocurrency. The recent purchase was funded by stock sales, including $300 million from common stock.
The move is seen as a signal that Saylor’s strategy does not back down in the face of market volatility and will continue to accumulate Bitcoins at dips. As Bitcoin yields begin to show promising signs, the company aims to target an unprecedented 30% yield for its BTC holdings by the end of the year.
Despite the smaller purchase compared to previous months, Strategy’s stance remains unwavering, focusing on Bitcoin as a key asset in its portfolio.
Source: coincentral.com
