Strategy Just Made a Major Bitcoin Buy After Selling For the First Time Since 2022. What Does It Mean for Bitcoin Investors?
The world's top Bitcoin hoarder is buying more Bitcoins again.
Strategy Just Made a Major Bitcoin Buy After Selling For the First Time Since 2022. What Does It Mean for Bitcoin Investors?
Overview
Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, was once a slow-growth software company. But in 2020, its co-founder and executive chairman, Michael Saylor, directed the company to start hoarding Bitcoin (CRYPTO: BTC). Today, it's the world's largest corporate holder of Bitcoin.
Saylor has repeatedly told investors to "never sell" their Bitcoin, and he boldly predicted its price would surge to $21 million by 2046. Strategy has only sold Bitcoin twice: 704 Bitcoins for $11.8 million in Dec. 2022, and another 32 Bitcoins for $2.5 million in May 2026. It still holds 845,256 Bitcoins, or 4% of all the Bitcoins that will ever be produced, which are worth $53.8 billion today.
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Originally published at www.fool.com.
