Michael Saylor Doubles Down on Bitcoin: What’s Driving Strategy’s Big Buys?

Michael Saylor and his firm, Strategy, have made a significant move in the crypto world by purchasing an additional 220 Bitcoins, valued at around $27.2 million. This purchase brings their total holdings to 640,250 BTC, demonstrating a steadfast commitment to Bitcoin even amidst market volatility. Experts attribute this investment to Saylor’s belief that Bitcoin is a long-term store of value, defying short-term fluctuations in price. Critics have questioned the timing of these purchases, particularly as Bitcoin prices have declined.