What Is The Final Push For Bitcoin? MicroStrategy CEO Michael Saylor’s Big Re...
There is no telling what exactly would be the thing that pushes bitcoin into the $2 trillion territory. For now, the asset is still one of the most valuable assets in the world with a total market cap of $1.15 trillion. Nonetheless, investors continue to look what will be the next big thing for BTC, something that will catalyze the growth of bitcoin, causing it to rally towards $100K. One of these investors looking to the future is MicroStrategy’s CEO Michael Taylor. Saylor has always been a BTC maximalist and has seized every opportunity to evangelize the benefits of the assets. The CEO....
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MicroStrategy CEO Michael Saylor announced that the firm purchased an additional 5,050 bitcoin for about $242.9 million in cash during the third quarter period.
Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100% since the CEO made his big reveal, pushing the value of Saylor’s holdings to almost $1 billion.....
Michael Saylor’s MicroStrategy has bought aggressively during the current bitcoin price dip, accumulating 229 BTC for $10 million.
MicroStrategy purchased an additional 3,907 bitcoin for about $177 million in cash during the third quarter period.
The D.C. AG alleges that Saylor and MicroStrategy conspired to commit tax evasion by fraudulently representing Saylor’s primary residence from 2005 to present.