From Investing.com: 2024-06-26 16:00:24

Bitcoin price performance has fallen short post-halving, not surging as expected. Michael Saylor, Bitcoin advocate, encourages investors to buy BTC with cryptic post. MicroStrategy recently purchased 11,931 BTC at $65,883 per coin, driving up price. Bitcoin currently trading at $61,402.17, up 0.47% in 24 hours. Saylor maintains bullish acquisition strategy, with average purchase price at $36,798.

MicroStrategy’s Bitcoin stash now stands at 226,331 BTC acquired for $8.33 billion. Saylor advocates for continuous Bitcoin purchases, stating “Buy Bitcoin before you need it.” Purchases were financed through convertible senior notes and excess cash. Saylor’s principle is “Bitcoin: never sell.”

Read more at Investing.com: Michael Saylor Breaks Silence Amid Bitcoin (BTC) Price Stalemate By U.Today