Michael Saylor, the founder and executive chairman of software company MicroStrategy, continues to show his bullishness in the Bitcoin (BTC) market. To further demonstrate their faith in the technology, MicroStrategy, recently made a new BTC purchase and disclosed it in a filing with the Securities and Exchange Commission (SEC).

MicroStrategy reported buying approximately 1,045 bitcoins for a total payment of $29.3 million or an average of $28,016 per coin. This purchase brings the aggregate price of bitcoins that the firm holds to around $4.17 billion. This occurred with an average purchase price of about $29,803 per BTC, including fees and expenditure.

Saylor's latest move has sparked much response from the crypto community, ranging from positive comments about the company to suggestions for Saylor's investment strategy. Those in favor of MicroStrategy view it as an opportunity to benefit from the holding BTC and having the expertly managed by the Michaele Saylor. Others provide the advice to take out his billions in the event that BTC's price swings too much.

Besides the investment factor, Saylor has also been vocal in advocating for BTC as a superior competitor to other cryptocurrencies like etherium (ETH). He also argued that BTC is the only money with the potential to force entities to focus on peace engagement, rational action and productive industry.

All in all, it is clear that Michael Saylor's influence plays an important role in shaping the industry. His ambition in investing in BTC is admirable and like any other investor, his success remained to be seen.



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