Michael Saylor Doubles Down on Bitcoin, Acquiring 390 BTC and Boosting MSTR Stock

Strategic investment firm led by Michael Saylor made a significant move in the crypto market, purchasing another 390 Bitcoin for $43.4 million. This latest acquisition follows a previous buy of 168 BTC for $18.82 million, pushing the firm’s total Bitcoin holdings to over 640,808 BTC. This purchase is in line with Saylor’s long-held belief in the future value of Bitcoin and his commitment to holding the asset even during market downturns. The move has resulted in a more than 3% rise in MSTR stock, driven partly by optimism around Bitcoin’s price recovery.