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Michael Saylor is not stopping! He has again made millions of Dollar in Bitcoin purchases! Here is the amount of Bitcoin he bought!
**MicroStrategy announced that it deepened its commitment to Bitcoin by purchasing a total of approximately 555.8 million dollars worth of 6,556 BTC at an average price of 84,785 dollars per coin between April 14 and April 20.
MicroStrategy Acquired 6,556 Bitcoins Worth $555.8 Million in Its Latest Strategic Buyout
This points to another significant addition to MicroStrategy's already massive Bitcoin treasury. The company, founded by Bitcoin advocate Michael Saylor, continues to lead among public firms in terms of BTC assets and positions itself as a de facto corporate Bitcoin investment vehicle.
This move comes amid renewed institutional interest and increasing global liquidity, and Bitcoin recently surpassed the $87,000 level after weeks of low trading.
MicroStrategy's buying timing indicates a strategic accumulation during a period of price consolidation and increasing market confidence.
Saylor has repeatedly emphasized Bitcoin as the company's primary treasury reserve asset and framed the cryptocurrency as a long-term hedge against inflation and fiat currency devaluation.
MicroStrategy's latest buy out is contributing to its growing total assets and underscores its ongoing strategy to aggressively expand its BTC position, independent of short-term market volatility.