Crypto
$458M
Jack Morse
9/20/24

MicroStrategy Executive Chairman Michael Saylor said today that his company just bought 7,420 bitcoin for $458 million.

The purchase comes a week after MicroStrategy said it bought another 18,300 bitcoin worth about $1.1 billion. And while the exact timing of the more recent buy is unclear, it appeared to come after a pop in bitcoin's price that followed Wednesday's jumbo rate cut.

But buying after a mini rally likely wouldn't faze Saylor. In July, he argued that bitcoin's price would hit $13 million per coin by 2045.

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