Tether Burn Sparks Market Shifts: $1.5 Billion in Bitcoins Mined

Michael Saylor, CEO of MicroStrategy (MSTR), significantly increased his Bitcoin holdings with a recent purchase of 6,556 BTC worth over $555.8 million. This latest addition brings his total Bitcoin to a remarkable 538,200 Bitcoins, valued at $36.47 billion and contributing to an impressive 12.1% YTD return for the firm. This strategic investment follows Saylor’s active tracking of Bitcoin holdings through the ‘Saylor Tracker’, which provides valuable insights into MSTR’s Bitcoin portfolio.