'If it's not going to zero, it's going to a million': Michael Saylor's Strategy buys another 592 bitcoin for $40M

• Strategy’s holdings account for more than 3.4% of the total 21 million bitcoin supply - worth around $47.5 billion.

Article Summaries:

• Michael Saylor’s company Strategy has bought an additional 592 bitcoins for $40 million, boosting its total holdings to more than 3.4 % of the 21‑million‑coin supply. The purchase raises the company’s bitcoin portfolio to a market value of roughly $47.5 billion. The move underscores Saylor’s continued bullish stance on the cryptocurrency, following his earlier public statements that bitcoin’s price will either fall to zero or rise to a million dollars. The acquisition further consolidates Strategy’s position as one of the largest institutional holders of bitcoin.

Sources:

• https://www.theblock.co/post/390770/if-its-not-going-to-zero-its-going-to-a-million-michael-saylors-strategy-buys-more-bitcoin?utm_source=rss&utm_medium=rss