• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Michael Saylor Prepares for Another Major Bitcoin Purchase

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Heavy Shorting of MSTR Seen as Positioning Signal

chest

Analysts suggest that the heavy short interest in MSTR is a signal of market positioning rather than a fundamental issue.

user avatarArif Mukhtar

MSTR Faces Significant Losses Amid Bitcoin Decline

chest

MSTR faces unrealized losses of approximately $53 billion as Bitcoin prices decline significantly.

user avatarDavid Robinson

Coinbase Shares Decline Amid Falling Crypto Prices

chest

Coinbase COIN shares have dropped around 40% in the last six months due to falling crypto prices and missed earnings expectations, but analysts believe the stock is currently undervalued.

user avatarMaria Gutierrez

Bitcoin Threatens to Break Previous Monthly Cycle High

chest

Bitcoin is nearing a critical point where it may break the previous monthly cycle high of 61,359, a first in its history.

user avatarAndrew Smith

Taylor Lindman Appointed as Chief Counsel of SEC Crypto Task Force

chest

Taylor Lindman has been appointed as the new Chief Counsel of the SEC's Crypto Task Force, focusing on compliance and legal guidance for digital assets.

user avatarJacob Williams

Potential Changes in Bitcoin Derivatives Markets Following CLARITY Act

chest

Market expert MartyParty highlights that the CLARITY Act could lead to significant changes in Bitcoin derivatives markets, enhancing CFTC authority and encouraging institutional participation.

user avatarZainab Kamara

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.