Michael Saylor’s Bold Move: MicroStrategy Acquires 7,420 BTC for Billions!

The post Michael Saylor’s Bold Move: MicroStrategy Acquires 7,420 BTC for Billions! appeared first on Coinpedia Fintech News

Michael Saylor, founder of MicroStrategy, recently announced the acquisition of 7,420 BTC for approximately $458.2 million, at an average price of $61,750 per Bitcoin. This move brings MicroStrategy’s total Bitcoin holdings to 252,220 BTC, valued at around $9.9 billion. The company has achieved a 5.1% yield for the quarter and 17.8% year-to-date. Saylor’s continued investment reinforces his belief in Bitcoin as a stable asset and a hedge against inflation.