Michael Saylor’s Strategy has reinforced its position as the largest public company holder of Bitcoin through a substantial acquisition of 4,980 BTC valued at $531.9 million. This strategic purchase elevates the company’s total Bitcoin holdings to 597,325 BTC.
The transaction triggered an immediate market response, propelling Bitcoin’s price from approximately $101,000 to over $108,000 within one week. This price surge demonstrates positive market reaction to Strategy’s continued institutional commitment to cryptocurrency.
Industry observers highlight this investment underscores robust institutional confidence in Bitcoin’s long-term value proposition and growth trajectory. Strategy’s persistent accumulation strategy continues to significantly influence cryptocurrency market dynamics.