Michael Saylor Remains Steadfast: Bitcoin Accumulation Amidst Market Volatility

Saylor’s latest acquisition of over 22,000 bitcoins further solidifies his company’s position as a leading Bitcoin holder. This purchase follows a period of pause and comes at a time when Bitcoin prices have fallen below $80,000 following a significant decline of around -22% since January. Despite this downturn, Saylor asserts that “Bitcoin is the best long-term asset available today.” 21 billion dollars has been raised through preferred shares for these purchases, showcasing the company’s commitment to Bitcoin despite market volatility. This approach has drawn criticism for its reliance on a single asset and high leverage.