MicroStrategy, led by Michael Saylor, has purchased an additional 12,333 bitcoins for approximately $347 million. This brings their total bitcoin holdings to 152,333. The company made the purchase at an average price of $28,136 per bitcoin, and with the current value of bitcoin at just over $30,000, MicroStrategy is now in a profitable position on its purchases. This recent acquisition suggests that the tech giant believes the bitcoin bull market is just beginning and expects the value of its holdings to increase significantly in the coming years. This purchase comes just two months after Microstrategy’s last acquisition, indicating their confidence in bitcoin’s long-term potential.
In a surprising move, US presidential candidate Robert F. Kennedy Jr. announced that his campaign would accept bitcoin donations. Kennedy expressed strong support for bitcoin, calling it a “bulwark against totalitarianism” and defending the right to use and hold bitcoin as “inviolable”. He also criticized the Biden Administration’s stance towards the bitcoin industry, promising to reverse their “growing hostility” and keep innovation in the US. Kennedy cautioned against using the ESG agenda as a pretext to attack bitcoin, highlighting the importance of transparency in government institutions. This statement demonstrates a unique and forward-thinking perspective on bitcoin from a political candidate.
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