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Michael Saylor Prepares for Another Major Bitcoin Purchase

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by Giorgi Kostiuk

10 months ago

Michael Saylor, a well-known Bitcoin advocate and head of MicroStrategy, announced to his followers plans to acquire more cryptocurrency. The new purchase may be announced as early as tomorrow.

Announcement of New Purchase

Michael Saylor addressed his 3.9 million followers on X, hinting at a planned Bitcoin purchase. He shared a post saying, “I’m thinking about the next green dot on the chart,” referring to a website that tracks BTC purchase levels by MicroStrategy.

Current BTC Holdings

Currently, MicroStrategy holds 447,470 Bitcoins worth $42.38 billion. The average purchase price of these bitcoins is calculated as $62,472. The company has been rapidly increasing its holdings, especially with the BTC price settling around $100,000. Over the past two months, they have made a total of 8 large BTC purchases.

Currently, MicroStrategy holds 447,470 Bitcoins worth $42.38 billion.Michael Saylor

Financial Results and Prospects

The company is currently facing a $149 million loss from one of its most significant recent purchases - a $5.4 billion BTC transaction on November 25, made at $97,862.

MicroStrategy continues its active investments in Bitcoin, despite price fluctuations. The integration of AI and other advanced technologies may impact their strategy and future growth.

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