Michael Saylor’s MicroStrategy Doubles Down on Bitcoin Amid Market Pullback

Despite recent market volatility, Microstrategy (formerly known as Strategy) is doubling down on its Bitcoin investment strategy. The company, led by Michael Saylor, made several significant moves during a time of weakness in the crypto market. They acquired $11.7 million worth of Bitcoin between November 17th and 30th, increasing their holdings to 130 BTC. This bold move is part of a larger strategy to build an institutional-grade Bitcoin reserve. The company has also established a $1.44 billion dividend reserve fund to further solidify its position as a leader in the crypto space.