Bitcoin evangelist Michael Saylor tweeted last night that micro-strategy once again entered the market to buy 12,333 Bitcoins, and now owns as many as 152,333 Bitcoins, with an average cost of $29,668. Based on the current Bitcoin market price of 30,120, its unrealized gains and losses are $68.85 million.
MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR https://t.co/joHo1gEnR0
— Michael Saylor (@saylor) June 28, 2023
According to MicroStrategy's report filed with the SEC, MicroStrategy acquired 12,333 Bitcoins for approximately $347 million in cash from April 29, 2023 to June 27, 2023, with an average transaction price of $28,136, including fees and expenses. . As of June 27, 2023, MicroStrategy and its subsidiaries held a total of 152,333 Bitcoins that were acquired for a total of approximately $4.52 billion at an average cost of $29,668.
MicroStrategy entered into a sales agreement on May 1, 2023 with Cowen and Company, LLC and Canaccord Genuity LLC as sales agents, pursuant to which MicroStrategy may issue and sell through agents from time to time its Class A common stock, per share The face value is US$0.001, and the total issuance price is as high as US$625 million. As of June 27, 2023, MicroStrategy has issued and sold an aggregate of 1,079,170 shares under the sales agreement for net proceeds, before sales commissions and fees, of approximately $333.7 million.
Michael Saylor demonstrates Bitcoin HODLer spirit
Michael Saylor, the founder of MicroStrategy, is a well-known Bitcoin evangelist and a Bitcoin HODLer. Lian News also reported a speech he gave in 2012. At that time, he was bullish on Apple and said that everyone who sold that stock was an idiot! Based on Apple's price at that time and the cost after the spin-off, if you had held it at that time, you would have made nearly 250 times the profit.
Saylor's HODLer spirit has also been implemented in Bitcoin. As Bitcoin has stabilized at the US$30,000 mark, the software company that was delayed by Bitcoin, MicroStrategy, has finally transformed itself from Bitcoin with continuous efforts. The currency was rescued from the trap of falling from the high in 2021. Based on the current Bitcoin market price of 30,120, its unrealized gains and losses are $68.85 million.
Recently, institutional investors have also been very fond of micro-strategy stocks. Fidelity Management bought a total of more than 640,000 micro-strategy stocks this month and has become the third largest institutional holder.
This article Micro-strategy to buy Bitcoin again, Michael Saylor demonstrates the spirit of HODLer and has earned more than 60 million US dollars first appeared in Chain News ABMedia.
