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Michael Saylor Continues to "Buy the Dip" Bitcoin Amid Market Volatility
In the context of the crypto market experiencing a growth phase mixed with many unpredictable fluctuations, Michael Saylor – the famous Bitcoin investor and co-founder of MicroStrategy – has quietly continued to increase the company's BTC holdings. Notably, instead of announcing it on Monday as per previous custom, the latest Bitcoin purchase was announced on Tuesday, surprising investors. New Deal Worth Nearly Half a Billion USD MicroStrategy has announced the completion of the purchase of 4,048 BTC with a total value of approximately 449.3 million USD, at an average price of around 110,981 USD/BTC. This investment was made by selling company shares to raise funds. After this transaction, MicroStrategy has increased its total Bitcoin holdings to 636,505 BTC, with an estimated total market value exceeding 70 billion USD. This figure is close to the amount of BTC believed to be held by Satoshi Nakamoto – the anonymous creator of Bitcoin. Why does Saylor still "buy more"? The strong move to buy Bitcoin amidst concerns of a correction in the crypto market shows that Michael Saylor is looking beyond short-term fluctuations. There are three main factors driving this strategy: