United

Bitcoin

Million

<ul> 
 <li>The most recent investment was made at an average price of $27,053 per Bitcoin.</li> 
 <li>Saylor revealed in his most recent post that the firm has amassed 158,245 BTC.</li> 
</ul> 
Michael Saylor led MicroStrategy based in the United States, has recently acquired 5,445 Bitcoin (BTC), making it one of the largest institutional investors of BTC.&nbsp; According to the latest report from the company’s chairman, <a href="https://thenewscrypto.com/michael-saylor-advocates-for-bitcoin-amid-struggling-turkish-lira/" target="_blank" rel="noreferrer noopener">Michael Saylor</a>, the most recent investment was made at an average price of $27,053 per Bitcoin, for a total value of around $147.3 million. 
Furthermore, Saylor revealed in his recent post that the firm has amassed 158,245 BTC as of September 24th, valued at over $4.68 billion at a price of $29,582 per <a href="https://thenewscrypto.com/bitcoin-price-holds-above-26000-amid-market-uncertainty/" target="_blank" rel="noreferrer noopener">Bitcoin</a>. 
<h3 class="wp-block-heading" id="h-banking-on-bitcoin">Banking on Bitcoin</h3> 
Also, MicroStrategy’s continued bullishness on Bitcoin acquisition is reassuring to the market as a whole. In spite of the praise and scorn it has received, the firm has remained steadfast in its pursuit of Bitcoin, building up a sizable reserve of the cryptocurrency and therefore strengthening its position in the crypto world. 
Moreover, the company has spent $361.4 million buying 12,800 BTC at an average price of $28,233 per coin in the first quarter of 2023. Stock of <a href="https://www.microstrategy.com/en" target="_blank" rel="noreferrer noopener nofollow">MicroStrategy</a> rose by 200 percent over the same period. Meanwhile, MicroStrategy saw a 4% year-over-year gain in business sales and a 42% increase in sales of its subscription services. 
MicroStrategy’s crypto strategy is led by the visionary Michael Saylor, who has been an outspoken proponent of Bitcoin’s potential as a store of wealth and inflation hedge. In August of 2020, when MicroStrategy made its first BTC purchase, Saylor started his adventure into the Bitcoin realm. 
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Michael Saylor Led MicroStrategy Purchases 5,445 Bitcoin (BTC)

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