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Michael Saylor Buys 520 BTC, Total Holdings Reach 847.363 BTC
The official strategy announced the acquisition of an additional 520 BTC worth $35 million over the past week. This latest purchase automatically boosts the company's total Bitcoin holdings under Michael Saylor's leadership to 847.363 BTC.
In addition to expanding its digital assets, the strategy also announced an increase in cash reserves by $300 million, bringing their total US dollar cash balance to $1.4 billion. This conventional liquidity replenishment step is deliberately carried out periodically to restore and maintain the credit quality of the company's Digital Credit securities in the global market.