Billionaire Michael Saylor announced MicroStrategy purchase of 301 bitcoins
Today on September 20, 2022, Microstrategy founder Michael Saylor announced on Twitter that the company has acquired approximately 301 bitcoins for ~$6.0 million in cash, during the period between August 2, 2022 and September 19, 2022.
The tweet from official Twitter (@saylor) of the Billionaire reads:
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.@saylor
Saylor has linked the company’s official website source for this announcement, and according to it, on September 9 2022, a filing with the U.S. Securities and Exchange Commission shows that MicroStrategy, together with its subsidiaries, now holds around 130K bitcoins, which were acquired at an aggregate purchase price of approximately $3.98 billion and an average purchase price of approximately $30,639/bitcoin (inclusive of fees and expenses).
Microstrategys bitcoin buying spree started back in August 2020, when the company announced that it has invested $250 million in Bitcoin as a treasury reserve asset. Then on March 1st 2021, Saylor announced his firms additional purchase of ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per bitcoin.
The 2021 Tweet reads: MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per #bitcoin. As of 3/1/2021, we #hodl ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. $MSTR@saylor
Michael Saylor is considered as bitcoin’s most prominent evangelists and the net worth of MSTR Founder & Executive Chairman, from all sources is estimated to be around $2.5 billion in 2022. He has been an outspoken believer of the cryptocurrency and time and again asserted that BTC is a commodity, which is essential for any treasury reserve asset.
Last month (Aug 2022), Saylor stepped aside as MicroStrategy’s CEO and took up the role of Executive Chairman in order to focus on acquiring more BTC.
At the time of this articles publishing, bitcoin was trading at $18,936 and the MSTR (MicroStrategy Incorporated) share price was at 195.22 USD.