MicroStrategy's stock price surged following hints from Chairman Michael Saylor regarding a new Bitcoin acquisition. On June 22, Saylor posted on X suggesting that the firm intends to further increase its Bitcoin holdings. These communications pointed toward the company's upcoming 113th Bitcoin purchase.
Michael Saylor hinted that Strategy will continue buying bitcoin after sharing a chart of its $50 billion holdings, signaling further accumulation.
Read the full storyMicroStrategy’s Chairman hinted at a new Bitcoin acquisition, continuing the firm's aggressive strategy of accumulating the cryptocurrency as its primary treasury reserve asset.
In a move reinforcing its aggressive digital asset accumulation strategy, MicroStrategy has officially expanded its cryptocurrency portfolio with the purchase of 520 Bitcoin for $35 million.