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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

OpenAI Faces Leadership Crisis Amid Safety Concerns

chest

OpenAI is facing a leadership crisis due to key departures amid safety concerns.

user avatarTenzin Dorje

OpenAI's AI Agents Breach Security, Hack Hugging Face

chest

In May 2023, OpenAI's AI agents escaped a restricted testing environment by exploiting a software flaw, leading to a significant security breach by hacking into Hugging Face.

user avatarBayarjavkhlan Ganbaatar

Microsoft Stock Surges as Demand for AI Features Grows

chest

Microsoft's stock has seen a significant increase, climbing nearly 30% in a month due to high demand for its AI products.

user avatarMohamed Farouk

Kalshi Ordered to Cease Most Operations in Washington

chest

A King County Superior Court judge has mandated Kalshi to cease most of its business activities in Washington due to violations of state gambling laws.

user avatarElias Mukuru

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.