M. Saylor’s MicroStrategy buys the dip purchasing over 300 Bitcoins
MicroStrategy has bought an additional 301 Bitcoins at the average price of $19,851 per coin, which amounts to around $6 million for the entire purchase, its founder and former CEO Michael Saylor said on September 20. As the United States Securities and Exchange Commission (SEC) report on the purchase shows.
MicroStrategy has a long history of holding fast in the face of market volatility, which its CFO Phong Le described as the strategy to “buy and hold,” as Finbold reported back in January 2022. More recently, in June 2022, Saylor affirmed that his company had anticipated the flagship digital asset’s volatility when it adopted a Bitcoin strategy and has “structured its balance sheet so that it could continue to HODL through adversity.”. MicroStrategy was one of the first corporate players to hold cash in Bitcoin.
Source
@CryptoWorldAnalysis
