Billionaire Michael Saylor Announces New Bitcoin Purchase Worth $500 Million – What’s Going On?
2025-07-04 05:40:58
Main Idea
Billionaire Michael Saylor announced a new $500 million Bitcoin purchase, increasing MicroStrategy's holdings to 597,325 BTC, valued at $64 billion, representing 2.8% of Bitcoin's total supply.
Key Points
1. MicroStrategy purchased 4,980 Bitcoin for $531.1 million at an average price of $106,801 per Bitcoin.
2. MicroStrategy now holds 597,325 BTC, acquired at an average cost of $70,982 per Bitcoin, with unrealized gains of roughly $21.6 billion.
3. MicroStrategy's Bitcoin yield has reached 19.7% year-to-date, with a goal of 25% by the end of 2025.
4. 134 publicly traded companies have followed MicroStrategy's Bitcoin treasury strategy, including recent adopters like Twenty One, Trump Media, and GameStop.
5. Bitcoin's price rose 3% to $108,798, with $109,000 identified as a key resistance level; a breakout could trigger a $48.7 million liquidity squeeze.
Description
Michael Saylor, the billionaire co-founder and executive chairman of Strategy (formerly known as MicroStrategy), has disclosed another substantial Bitcoin acquisition worth over $500 million , continuing his company’s aggressive cryptocurrency accumulation strategy. According to a June 30 filing with the U.S. Securities and Exchange Commission (SEC), Strategy purchased 4,980 Bitcoin for $531.1 million during the week ending Sunday, at an average price of approximately $106,801 per bitcoin. Follo...
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