‘Think bigger’: Michael Saylor’s Strategy buys another 13,927 bitcoin for $1 billion as holdings reach 780,897 BTC
Summary
Strategy, led by Michael Saylor, has purchased an additional 13,927 BTC for approximately $1 billion, raising its total corporate holdings to 780,897 BTC. The acquisition was funded through at-the-market sales of the company’s preferred stock. Despite facing some unrealized losses at current market prices, Saylor remains committed to the firm's aggressive bitcoin accumulation strategy, dismissing concerns regarding market volatility and quantum computing risks as the company continues to expand its treasury model.
(Source:The Block)