Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase

Q: How long will it take to read this news story?

The story "Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase" has 213 words across 18 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase" was covered 4 days ago by Coin Telegraph, a news publisher based in United States.

Q: How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 57 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27275291</li><li>URL: https://beamstart.com/news/michael-saylors-strategy-surpasses-500000-17428191</li></ul>

Coin Telegraph 4d ago

Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase - Coin Telegraph

Quick Summary:

Strategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC). Source: US SECFollowing the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive of fees and expenses.

The milestone comes a day after Strategy co-founder Michael Saylor hinted at an impending Bitcoin investment after the company announced the pricing of its latest tranche of preferred stock on March 21.

Michael Saylor’s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.