Home » Technology » Bitcoin Delivers: Michael Saylor’s Bold Statement

Bitcoin Delivers: Michael Saylor’s Bold Statement

Breaking: MicroStrategy Founder michael ⁤Saylor Signals ​Confidence in⁣ Bitcoin with AI-Generated Images

MicroStrategy ⁤co-founder ‌Michael Saylor issued a concise‍ but ​emphatic statement regarding Bitcoin on August 24th. He shared ⁣two AI-generated images⁢ on X (formerly Twitter) accompanied by the phrase “Bitcoin Delivers,” signaling his⁢ continued belief in the cryptocurrency’s⁢ strength and potential.

As of​ the date of the post,‌ MicroStrategy’s Bitcoin reserves ⁤totaled 62,937.6 BTC, representing an investment of‍ approximately $4.6 billion. The ⁣company’s average purchase price⁣ per Bitcoin is⁣ $73,320. Currently, thes holdings are valued at roughly ‌$7.224 billion, resulting‌ in a profit of approximately 56% on the initial investment.

MicroStrategy’s total corporate value is estimated at $11.5 billion, with its Bitcoin reserves accounting ‌for approximately 74% of that valuation. The company trades on the Nasdaq stock‌ exchange under the ticker symbol ‘MSTR,’ with a market capitalization of around ⁢$9.8 ⁢billion and ⁤a recent stock price of $344.

MicroStrategy has⁣ been actively increasing its Bitcoin holdings.Following the purchase of 155 BTC on August ‍11th,the company ⁣acquired ‍an additional 430​ BTC on August 18th,demonstrating a‌ consistent strategy⁤ of accumulating Bitcoin.

Recent insider trading activity ⁢in‌ MicroStrategy stock reveals ⁢a⁤ mix of buying and selling.⁣ Over ‌the⁣ past three months, there have‍ been 31 transactions, ⁣including 13‌ public market purchases and 18 sales. ⁢Looking back a year, insiders have bought 28,6132 shares and sold 47,471 shares through 69‍ transactions.

further ‍announcements related to Bitcoin from MicroStrategy are⁢ anticipated this weekend.

▶ Breaking up to block media‌ telegram (click)

Related Coverage

XRP ‌(XRP), Summer Rally $ 3.5

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.