Strategy (ex MicroStrategy) just bought 13,390 BTC, spending $1.34B between May 5 and 11
The firm now holds 568,840 BTC (~$59B), the largest corporate Bitcoin stash on earth.
Since 2020, Saylor’s team has poured $39.41B into BTC, averaging $69,287 per coin.
Strategy’s pitch is simple Securitized Bitcoin exposure via MSTR shares, regulated on Nasdaq.
BTC trades near $104K, just 4% off its all time high ($108.7K).
Saylor’s message is the same "Bitcoin is the superior treasury asset".
Purchasing that much Bitcoin in only one week reveals their faith in the long run worth of Bitcoin. Since the beginning Saylor has been constant. Honestly it's very remarkable how much conviction he has had through all the market ups and downs. MSTR has turned into a sort of surrogate for Bitcoin itself. Though personally I find it dangerous bold actions like this will help to define the direction of finance.