MicroStrategy CEO Michael Saylor continues to actively discuss buying Bitcoin. In his latest social media post, he has once again brought attention to this issue.
Michael Saylor's Latest Post
In a recent social media post, Michael Saylor urged his followers to ask him questions about buying Bitcoin. Quote (CITE_W_A): "How do we buy more #bitcoin?" — Michael Saylor (@saylor), September 25, 2024.
Recent MicroStrategy Purchases
As previously reported, MicroStrategy recently acquired over $458 million worth of Bitcoin. Following this purchase, the company's holdings now stand at over a quarter of a million coins. In total, MicroStrategy has spent nearly $10 billion on Bitcoin acquisitions.
Risks of Bitcoin Investments
In June 2022, there were speculations that MicroStrategy might face margin calls if the price of Bitcoin fell to the $20,000 level. However, these speculations did not come true. Despite this, there are concerns about the company's massive Bitcoin holdings. MicroStrategy's debt is not linked to Bitcoin as collateral, which reduces the margin call risk. However, if Bitcoin undergoes a significant correction, the company may face challenges in meeting its debt obligations.
Michael Saylor and MicroStrategy continue to be some of the most active participants in the Bitcoin market. While their investments seem risky, the company confidently continues its operations regardless of potential market fluctuations.
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