Michael Saylor's company buys 22,000 Bitcoins, becoming the largest Bitcoin holder. Stock value fluctuates with Bitcoin prices.
Michael Saylor’s Strategy Company purchased an additional 22,048 Bitcoins last week between March 24 and 30, bringing its total assets to 528,185 Bitcoins. This purchase was worth about $1.92 billion, making Strategy the largest Bitcoin holder in the world. To finance this purchase, Strategy sold a significant portion of its shares. Following this acquisition, Strategy’s shares (MSTR) dropped by approximately 11% and traded at $277 in pre-market transactions. The price of Bitcoin also decreased by about 4.5% during the same period, reaching $82,100. The company’s stock value usually fluctuates with Bitcoin’s ups and downs.
