Michael Saylor Doesn't Want to Be Left Behind, MicroStrategy General Adds Another 12,333 BTC!

<p>&nbsp;MicroStrategy, the world's largest corporate holder of Bitcoins, announced a new purchase of $340 million worth of BTC on Tuesday, June 27.</p><p><br /></p><p>In the latest announcement, MicroStrategy chief Michael Saylor announced that the software intelligence firm had purchased 12,333 Bitcoins on Tuesday. In a message on Twitter, Saylor wrote:</p><p><br /></p><p>MicroStrategy has acquired an additional 12,333 BTC or $347.0 million worth at an average price of $28,136 per bitcoin. As of 6/27/23, MicroStrategy holds 152,333 BTC worth $4.52 billion at an average price of $29,668 per bitcoin.</p><p><br /></p><p><br /></p><p>Since they took an aggressive move in Bitcoin in September 2022, MicroStrategy has been buying Bitcoin regularly. The company has managed to survive despite the crypto market crash.</p><p><br /></p><p>Michale Saylor has been one of Bitcoin's biggest supporters and believes it can be a strong store of value under the current inflationary conditions in the global economy. Additionally, Saylor has been a strong supporter of Bitcoin's Layer-2 scalability platform, the Lightning Network, and believes that it will one day achieve greater transaction processing capabilities than VISA.</p><p><br /></p><p>Since BlackRock and other financial giants filed for Bitcoin ETF shares this month, the price of BTC has soared and gained over 20% in less than a month. The latest announcement from MicroStrategy further reinforces institutional inflows into the crypto asset class.</p>