Saylor Averaging Down At $75,577 Per Bitcoin

Saylor’s average cost sits at $75,577 per Bitcoin.

With the recent downturn, he’s been able to average down—the biggest single holder of Bitcoin is lowering his cost basis while accumulating toward 800,000 coins.

“These are buyers of last resort. They will always buy Bitcoin. They’re price insensitive. They will always buy even if it’s $500,000 a coin or $700,000 a coin,” Mow stated on The Bitcoin Historian podcast. 

“But people right now are willing to sell them Bitcoin for $60,000, $70,000,” he added.

Strategy isn’t alone. Blockstream CEO Adam Back’s BSTR is set to deploy $1.5 billion in capital over the next month using…

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