Billionaire Michael Saylor Acquires 487 BTC, Expanding Bitcoin Holdings

Michael Saylor, billionaire founder of Strategy and former MicroStrategy CEO, has significantly bolstered his Bitcoin holdings through a recent acquisition. His company purchased 487 bitcoins worth $49.9 million, bringing the total number to 641,692 BTC. This strategic move positions Strategy as one of the world’s largest institutional Bitcoin holders. The purchase was financed by preferred stock offerings, ensuring no dilution of existing shares. Saylor remains a vocal advocate for Bitcoin and his investment reflects a long-term commitment to incorporating it into corporate treasury strategies.