MicroStrategy CEO Michael Saylor’s Hunger for Bitcoin Knows No Bound

On Friday (March 5), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) announced yet another BTC purchase.

Just four days ago, Saylor announced that his company had “purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per bitcoin.”

Well, today, Saylor was back to announce that MicroStrategy had increased its treasury’s total Bitcoin holdings to 91,064 BTC, prompting Binance Co-Founder and CEO Changpeng Zhao (“CZ”) to comment on Saylor’s seemingly insatiable appetite for Bitcoin:

Anthony Pompliano (aka “Pomp”), a co-founder of crypto-focused asset management firm Morgan Creek Digital Assets, was also impressed by MicroStrategy’s latest move:

According to data by CryptoCompare, Bitcoin is currently trading around $47,980, down 3.42% in the past 24-hour period, but up 65.60% in the year-to-date period.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Source: Read Full Article