Michael Saylor is the founding partner StrategyBitcoin 
$109,387.31 He continues his savings. The company has announced that it has purchased 4,048 BTCs by knowing the opportunity to withdraw the last price. With this purchase, it reinforced the title of the largest Bitcoin treasury.
New Bitcoin purchase of 444 million dollars
According to a statement by Strategy, the company received 4,048 BTC for a total of $ 449.3 million. The average purchase price was announced as 110.981 dollars. With this purchase, the company’s total Bitcoin Its presence increased to 636,505. Strategy has spent $ 46.95 billion in Bitcoin so far, and the average purchase price is $ 73,765. The rate of return from the beginning of the year is 25.7 percent.
4,048 pieces of the company BTC The purchase was recorded as a Bitcoin investment in the fifth week. Strategy, who bought 3,081 BTCs in the previous week, has more than 3 percent of the total Bitcoin supply with this move. Saylor, on August 31st X From his account, he shared the classic orange -dotted Bitcoin graph and gave the clue that the largest crypto currency is still traded at discounted prices, and gave the clue that they would continue with new purchases.
Strategy’s approach to Bitcoin is to make long -term savings without getting stuck with short -term changes. Especially with the increasing interest of corporate investors, the company is one of the biggest players in the market.
Bitcoin’s price reached about two weeks ago after the $ 124,500 summit fell more than 12 percent. Parallel to this decline, Strategy’s MSTR shares, which were traded in Nasdaq, also depreciated over 15 percent in the last month. The share that closed the last week from $ 334 started its market transactions at the level of $ 338 on the first trading day of the week.
The case targeting Saylor and Strategy was closed
Despite the decrease in Strategy’s share performance, a legally positive development took place. Michael Saylor and the collective case against Strategy against the accounting errors were withdrawn by plaintiffs. The termination of the case with the decision “with prejudice” means that the plaintiffs cannot bring the same claims back to the agenda. The closure of the case eliminates the uncertainty on the company and is considered as an element that can support the trust of investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
