Michael Saylor’s investment firm, Strategy, has made a significant acquisition in the cryptocurrency market. The company recently purchased 6,556 bitcoins for approximately $555.8 million at an average price of $84,785 per bitcoin. This latest purchase brings Strategy’s total Bitcoin holdings to over 538,200 BTC, according to CEO Michael Saylor’s official social media post on X (formerly Twitter). The firm has a consistent investment strategy of using Bitcoin as a long-term treasury reserve asset and is confident in the cryptocurrency’s future value. The investment reflects Strategy’s belief in Bitcoin’s potential for inflation protection and economic stability, according to Saylor.