Michael Saylor Makes Major Bitcoin Investment: ‘Biggest Purchase This Year’!

MicroStrategy, led by founder Michael Saylor, recently completed the largest Bitcoin purchase since July. The company purchased 8,178 Bitcoin (BTC) worth $835.6 million between November 10th and 16th at an average price of $102,171. This significant investment, announced via Saylor’s X account, signals a bullish outlook for the cryptocurrency. The purchase brings MicroStrategy’s total Bitcoin holdings to over 649,870 BTC, representing an estimated value of $48.37 billion at a current average price of $74,433 per Bitcoin. Saylor refuted rumors of selling any Bitcoin, emphasizing their ongoing commitment to acquiring Bitcoin through this latest purchase.