Michael Saylor’s company acquired 430 Bitcoin costing about 51 million USD. After this purchase, the total Bitcoin held exceeds 629,000, which is more than 3% of the total supply.
The average buying price for the newly purchased Bitcoin was approximately 119,666 USD. This acquisition coincided with Bitcoin hitting an all-time high of 124,279 USD.
Saylor indicated that the company could potentially hold up to 7% of the global Bitcoin supply without dominating the market. Public companies collectively own about 977,000 Bitcoin.
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