Michael Saylor Prepares for Another Major Bitcoin Purchase

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

JUST Completes Fifth Buyback and Burn of JST Tokens

JUST has successfully completed its fifth buyback and burn of JST tokens, burning over 170 million tokens.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.