Saylor’s MicroStrategy Stays the Course With $26M Bitcoin Purchase
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MicroStrategy, led by Bitcoin advocate Michael Saylor, continued its accumulation strategy last week, adding 245 BTC ($26M) during a market downturn.
The purchase, disclosed in an SEC filing, came as Bitcoin fell from $108,900 to under $99,000—yet the company’s buy volume was its smallest since March. Analysts noted the contrast with MicroStrategy’s past aggressive buys, including a $1B purchase earlier this year.
With 592,345 BTC now in its treasury (avg. cost: $70,681), MicroStrategy remains the leading corporate Bitcoin holder, unfazed by short-term volatility.
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