#SaylorBTCPurchase Michael Saylor, through his company **MicroStrategy**, has been one of the most aggressive corporate buyers of Bitcoin. Here’s a breakdown of their **Bitcoin (BTC) purchases** and strategy:
### **MicroStrategy’s Bitcoin Holdings (As of June 2024)**
- **Total BTC Owned:** **226,331 BTC** (~$14.7 billion at ~$65,000/BTC)
- **Total Spent:** ~**$8.3 billion**
- **Average Purchase Price:** ~**$36,798 per BTC**
- **Unrealized Profit:** ~**$6.4 billion** (+77%)
### **Recent Bitcoin Purchases (2024)**
1. **April 2024**
- **+9,245 BTC** ($623 million) at ~$67,382/BTC
- Funded via convertible notes (debt).
2. **March 2024**
- **+12,000 BTC** ($821.7 million) at ~$68,477/BTC
3. **February 2024**
- **+3,000 BTC** ($155 million) at ~$51,813/BTC
4. **January 2024**
- **+850 BTC** ($37 million) at ~$43,700/BTC
### **How Does MicroStrategy Buy Bitcoin?**
- **Funding Methods:**
- **Convertible Notes (Debt):** Raises money from investors, repayable in cash or stock.
- **Stock Sales:** Issues new shares to raise capital.
- **Cash Reserves:** Uses excess profits.
- **Strategy:**
- **Long-term holding** (never sells).
- Views Bitcoin as a superior treasury asset to cash.
- Uses Bitcoin as collateral for loans (but rarely sells).
### **Why Does Saylor Keep Buying?**
- **Inflation Hedge:** Believes Bitcoin is better than gold or cash.
- **Corporate Strategy:** MicroStrategy’s stock ($MSTR) is now seen as a **"Bitcoin proxy"** by investors.
- **Adoption Push:** Saylor actively promotes Bitcoin adoption for businesses and governments.
### **Key Takeaways**
- MicroStrategy is the **largest corporate holder of Bitcoin** (bigger than Tesla, Block, or Bitcoin ETFs).
- Saylor’s average buy price (~$36.8k) is far below current prices (~$65k), meaning **huge unrealized gains**.
- The company **does not sell Bitcoin**, only accumulates.
### **MicroStrategy’s Bitcoin Holdings (As of June 2024)**
- **Total BTC Owned:** **226,331 BTC** (~$14.7 billion at ~$65,000/BTC)
- **Total Spent:** ~**$8.3 billion**
- **Average Purchase Price:** ~**$36,798 per BTC**
- **Unrealized Profit:** ~**$6.4 billion** (+77%)
### **Recent Bitcoin Purchases (2024)**
1. **April 2024**
- **+9,245 BTC** ($623 million) at ~$67,382/BTC
- Funded via convertible notes (debt).
2. **March 2024**
- **+12,000 BTC** ($821.7 million) at ~$68,477/BTC
3. **February 2024**
- **+3,000 BTC** ($155 million) at ~$51,813/BTC
4. **January 2024**
- **+850 BTC** ($37 million) at ~$43,700/BTC
### **How Does MicroStrategy Buy Bitcoin?**
- **Funding Methods:**
- **Convertible Notes (Debt):** Raises money from investors, repayable in cash or stock.
- **Stock Sales:** Issues new shares to raise capital.
- **Cash Reserves:** Uses excess profits.
- **Strategy:**
- **Long-term holding** (never sells).
- Views Bitcoin as a superior treasury asset to cash.
- Uses Bitcoin as collateral for loans (but rarely sells).
### **Why Does Saylor Keep Buying?**
- **Inflation Hedge:** Believes Bitcoin is better than gold or cash.
- **Corporate Strategy:** MicroStrategy’s stock ($MSTR) is now seen as a **"Bitcoin proxy"** by investors.
- **Adoption Push:** Saylor actively promotes Bitcoin adoption for businesses and governments.
### **Key Takeaways**
- MicroStrategy is the **largest corporate holder of Bitcoin** (bigger than Tesla, Block, or Bitcoin ETFs).
- Saylor’s average buy price (~$36.8k) is far below current prices (~$65k), meaning **huge unrealized gains**.
- The company **does not sell Bitcoin**, only accumulates.