Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

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MicroStrategy has just added another 4,980 Bitcoin to its stash, spending about $531 million at an average of $106,801 per coin. That brings the company’s total haul to 597,325 BTC. Related Reading: Crypto Bombshell: Developer Claims XRP Could Hit $20,000 At today’s market price, those holdings are worth over $64 billion, compared with the roughly $42.4 billion MicroStrategy (now Strategy) has put in, fees included. According to the June 30 filing with the US Securities and Exchange Commission, ...