Michael Saylor Urges Long-Term View as Strategy Expands Bitcoin Holdings

TLDR Michael Saylor said large corporate Bitcoin purchases do not trigger instant price increases. Strategy acquired 17,994 Bitcoin for about $1.28 billion at an average price of $70,946. The latest purchase marked Strategy’s 102nd Bitcoin acquisition and its 11th straight week of buying. Strategy currently holds around $3.35 billion in unrealized losses on its Bitcoin [...]

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