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#SaylorBTCPurchase [02/03, 1:18 am] Meta AI: Michael Saylor, the CEO of MicroStrategy, has been a vocal advocate for Bitcoin and has made several significant purchases of the cryptocurrency. Recent Purchase In February 2023, MicroStrategy announced that it had purchased an additional 2,395 Bitcoins for approximately $42.8 million, bringing the company's total Bitcoin holdings to 132,500 coins. Total Investment As of February 2023, MicroStrategy's total investment in Bitcoin stands at around $4.17 billion, with an average purchase price of approximately $31,400 per coin. Saylor's Bitcoin Strategy Michael Saylor has stated that MicroStrategy's Bitcoin strategy is focused on long-term growth and wealth preservation. He believes that Bitcoin has the potential to appreciate in value over time, making it a valuable addition to the company's balance sheet. Impact on Bitcoin Price MicroStrategy's significant Bitcoin purchases have been seen as a positive factor for the cryptocurrency's price. Saylor's vocal advocacy for Bitcoin has also helped to increase awareness and adoption of the cryptocurrency. Criticisms and Controversies Some critics have argued that Micro [02/03, 1:19 am] Meta AI: Michael Saylor's company, Strategy (formerly MicroStrategy), recently purchased 7,633 Bitcoin (BTC) at an average price of $97,255 per BTC between February 3 and February 9, 2025 ¹. This acquisition brings Strategy's total Bitcoin holdings to 478,740 BTC, which were acquired at an average price of $65,033 per BTC. Additionally, Saylor announced another purchase of 20,356 BTC worth approximately $1.99 billion at an average price of $97,514 per coin ². This brings Strategy's total Bitcoin holdings to 499,096 BTC, valued at around $43.7 billion ³. Please note that these purchases may not have occurred today, but rather are recent purchases made by Saylor's company.
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