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".
Micro Strategy is chasing digital gold, they tried to buy as much as possible and continue to buy. Micro Strategy is buying more with the resources it has accumulated. Micro Strategy has started a good movement and it is good for all of us that Saylor's company bought bitcoin. It is based on using Bitcoin as a long-term store of value by adopting it as a treasury asset.
This approach has both increased the company's share price and become a pioneer model in institutional Bitcoin investments. It increases some people's concerns about decentralization, because of this strategy.
so he is doing okay right now.
let me check that avg cost number.