MicroStrategy's Michael Saylor Breaks Silence on BTC Price Drop

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Bitcoin has fallen 13% from its recent all-time high of over $73,000

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Michael Saylor began buying Bitcoin in 2020 as an inflation hedge and cash alternative. The business now owns 214,246 BTC, and the maximum total supply of Bitcoin is 21 million, with around 19.7 million tokens issued to date. It is expected that the 21 million supply milestone will be attained by 2140., about a quarter of MicroStrategy's Bitcoin purchases occurred in 2024, at an average cost more than double that of the previous year.

The average price for the most recent acquisition of Bitcoin was $67,382, while the average price for MicroStrategy’s total BTC holding was $35,160.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.ApeX Protocol Launches ApeX Grid Bot With Negative 0.

 

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