Michael Saylor Acquires $217 Million in Bitcoin as Price Holds Strong

Michael Saylor’s investment firm, Strategy, continued its significant Bitcoin accumulation last week, purchasing an additional 1,955 Bitcoin (BTC) worth approximately $217.4 million between Sept. 2 and 7. This purchase followed a series of earlier acquisitions in August, bringing the firm’s total Bitcoin holdings to over 638,460 BTC, estimated at around $47.2 billion. The latest buy came from proceeds generated by three of Strategy’s equity offerings, including Series A Perpetual Strife Preferred Stock (STRF), Series A Perpetual Strike Preferred Stock (STRK), and its own Common A stock MSTR. The firm’s recent actions suggest a strategic approach to holding Bitcoin amid market fluctuations.