{"id":191381,"date":"2021-03-01T17:03:01","date_gmt":"2021-03-01T14:03:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/more-bitcoin-michael-saylors-microstrategy-just-keeps-buying-btc\/"},"modified":"2021-03-01T17:03:01","modified_gmt":"2021-03-01T14:03:01","slug":"more-bitcoin-michael-saylors-microstrategy-just-keeps-buying-btc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/more-bitcoin-michael-saylors-microstrategy-just-keeps-buying-btc\/","title":{"rendered":"# More Bitcoin! Michael Saylor\u2019s MicroStrategy just keeps buying BTC"},"content":{"rendered":"<p>&#8220;<strong># More Bitcoin! Michael Saylor\u2019s MicroStrategy just keeps buying BTC  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvYzBiMjY5MDAtOWMxOS00Y2FkLWE2MjYtMmIyNDkwOWI2MDA4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>MicroStrategy\u2019s Bitcoin\u00a0buying spree shows no signs of slowing after CEO Michael Saylor announced the purchase of another 328 Bitcoin (BTC)\u00a0on Monday. The acquisition, which was paid for in cash, cost the firm around $15 million and equated to an average coin price of $45,710 at the time of purchase.<\/p>\n<p>The investment takes MicroStrategy\u2019s total Bitcoin holdings to 90,859 coins \u2014 a haul worth $4.3 billion based on the current price. The firm has essentially dollar-cost-averaged into Bitcoin over the course of the past five months, leaving the average price of each of its Bitcoin purchases at $24,063 per coin. Saylor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/michael_saylor\/status\/1366375915559792640\">tweeted<\/a> on Monday:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a>.  As of 3\/1\/2021, we <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&amp;ref_src=twsrc%5Etfw\">#hodl<\/a> ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/fGH5KacsPI\">https:\/\/t.co\/fGH5KacsPI<\/a><\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/michael_saylor\/status\/1366375915559792640?ref_src=twsrc%5Etfw\">March 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The firm first acquired Bitcoin in August 2020 when it made an initial $250 million outlay on 21,454 coins. MicroStrategy continued to buy more BTC at various points toward the end of 2020, eventually accumulating over 70,000 coins by the turn of the year.<\/p>\n<p>In February, the business intelligence firm announced that it would raise an additional $900 million for further Bitcoin purchases \u2014 a sum that eventually exceeded $1 billion when an additional 19,452 coins were purchased\u00a0last Wednesday. <\/p>\n<p>MicroStrategy\u2019s total outlay on Bitcoin stands at $2.18 billion, while current coin prices would value the firm\u2019s holdings at $4.3 billion, meaning the firm would have made over $2 billion in five months were it to sell. However, there is little reason to suggest this will h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en any time soon. Saylor previously said buying Bitcoin was one of the firm\u2019s two corporate goals, along with growing its analytics software business.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/more-bitcoin-michael-saylor-s-microstrategy-just-keeps-buying-btc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# More Bitcoin! Michael Saylor\u2019s MicroStrategy just keeps buying BTC &#8221; MicroStrategy\u2019s Bitcoin\u00a0buying spree shows no signs of slowing after CEO Michael Saylor announced the purchase of another 328 Bitcoin (BTC)\u00a0on Monday. The acquisition, which was paid for in cash, cost the firm around $15 million and equated to an average coin price of $45,710&#8230;<\/p>\n","protected":false},"author":1,"featured_media":191382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvYzBiMjY5MDAtOWMxOS00Y2FkLWE2MjYtMmIyNDkwOWI2MDA4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,117,73711,4965],"class_list":["post-191381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-business","tag-investments","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/191381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=191381"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/191381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/191382"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=191381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=191381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=191381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}