Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has once again called Bitcoin undervalued, stating that “Bitcoin is still on sale.” His message, accompanied by visuals of past purchases, suggests that the company may continue adding to its already massive Bitcoin reserves.
Recently, Strategy disclosed the purchase of 3,081 BTC for approximately $356.9 million, at an average price of about $115,829 per coin. This move increased its total holdings to more than 632,000 BTC, now valued at around $70 billion, making Strategy the largest corporate holder of Bitcoin in the world.
Saylor’s renewed confidence comes at a time when the company has just cleared a major legal hurdle. A shareholder lawsuit accusing Strategy of misleading investors with overly optimistic Bitcoin-related claims was dismissed with prejudice, removing a significant source of uncertainty for the firm.
The company continues to fund its Bitcoin strategy through debt offerings and equity sales, a bold approach that has amplified both its risk and its influence in the crypto market. While critics question the sustainability of such aggressive accumulation, Saylor remains steadfast in his belief that Bitcoin represents the ultimate long-term store of value.
Key Points
- Strategy added over 3,000 BTC in its latest purchase.
- Total Bitcoin holdings now exceed 632,000 coins.
- A dismissed lawsuit has lifted a major burden off the company.
- Saylor insists downturns are opportunities, not threats.
Saylor’s remarks highlight his enduring conviction that Bitcoin’s current price levels remain attractive for accumulation, reinforcing his company’s role as one of the most influential institutional players in the digital asset space.
