{"id":249041,"date":"2021-05-13T22:00:00","date_gmt":"2021-05-13T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-whale-microstrategy-buys-additional-271-btc\/"},"modified":"2021-05-13T22:00:00","modified_gmt":"2021-05-13T19:00:00","slug":"bitcoin-whale-microstrategy-buys-additional-271-btc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-whale-microstrategy-buys-additional-271-btc\/","title":{"rendered":"# Bitcoin whale MicroStrategy buys additional 271 BTC"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin whale MicroStrategy buys additional 271 BTC <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNjJiYzgwZmMtYjJmMi00YjM1LTkyOTQtYjM5MjgzMTNmZmZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>MicroStrategy, the Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor\u2019s growing conviction in the digital asset.\u00a0<\/p>\n<p>The purchases were made through May 13 for an average price of $55,387, Saylor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/michael_saylor\/status\/1392814015181635584\">disclosed<\/a> on Thursday. MicroStrategy now has 91,850 BTC on its books for an average purchase price of $24,403. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a>.  As of 5\/13\/2021, we <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&amp;ref_src=twsrc%5Etfw\">#hodl<\/a> ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/EwZnRkAt6k\">https:\/\/t.co\/EwZnRkAt6k<\/a><\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/michael_saylor\/status\/1392814015181635584?ref_src=twsrc%5Etfw\">May 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>MicroStrategy also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/form-8-k_05-13-2021.pdf\">disclosed<\/a> the purchase to the United States Securities and Exchange Commission, or SEC, through a Form 8-K filing that was submitted on Thursday. <\/p>\n<p>Although MicroStrategy\u2019s purchase <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>ears to have coincided with the latest correction in Bitcoin\u2019s price, spurred on by Elon Musk\u2019s sudden decision to stop accepting BTC payments on Tesla vehicles, the business intelligence firm isn\u2019t timing the market. Saylor indicated in February that he doesn\u2019t intend to slow the rate of his company\u2019s BTC purchase as he snatched up another $1 billion worth of the digital asset. <\/p>\n<p>MicroStrategy sits atop of the Bitcoin corporate treasuries list, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.org\/\">accounting<\/a> for 0.437% of the asset\u2019s circulating supply. <\/p>\n<p>MicroStrategy is acquiring Bitcoin on the premise that the digital asset is a dependable store of value in the face of systemic dollar debasement. It has gone as far as issuing debt to expand its Bitcoin portfolio.<\/p>\n<p>The United States\u2019 M2 money supply has exploded since the 2008 financial crisis and, more recently, since the onset of the Covid-19 pandemic. Since February 2020, the money supply has expanded nearly 30% to $19.896 trillion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fred.stlouisfed.org\/series\/M2SL\">according<\/a> to the St. Louis Federal Reserve Bank. To put that in perspective, the year-over-year increase in the M2 money supply had <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/08\/05\/the-ballooning-money-supply-may-be-the-key-to-unlocking-inflation-in-the-us.html\" data-amp=\"https:\/\/www-cnbc-com.cdn.ampproject.org\/c\/s\/www.cnbc.com\/amp\/2020\/08\/05\/the-ballooning-money-supply-may-be-the-key-to-unlocking-inflation-in-the-us.html\">never<\/a> exceeded 15% until 2020.<\/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\/bitcoin-whale-microstrategy-buys-additional-271-btc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin whale MicroStrategy buys additional 271 BTC &#8221; MicroStrategy, the Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor\u2019s growing conviction in the digital asset.\u00a0 The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":249042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNjJiYzgwZmMtYjJmMi00YjM1LTkyOTQtYjM5MjgzMTNmZmZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74863,73711],"class_list":["post-249041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/249041","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=249041"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/249041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/249042"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=249041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=249041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=249041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}