{"id":431894,"date":"2022-04-15T03:59:23","date_gmt":"2022-04-15T00:59:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microstrategy-shareholders-letter-well-vigorously-pursue-more-btc-buys\/"},"modified":"2022-04-15T03:59:23","modified_gmt":"2022-04-15T00:59:23","slug":"microstrategy-shareholders-letter-well-vigorously-pursue-more-btc-buys","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microstrategy-shareholders-letter-well-vigorously-pursue-more-btc-buys\/","title":{"rendered":"# MicroStrategy shareholders letter: We\u2019ll &#8216;vigorously pursue&#8217; more BTC buys"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34d5cd0c9c2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34d5cd0c9c2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/microstrategy-shareholders-letter-well-vigorously-pursue-more-btc-buys\/#%E2%80%9D_MicroStrategy_shareholders_letter_Well_%E2%80%98vigorously_pursue_more_BTC_buys_%E2%80%9C\" >&#8221; MicroStrategy shareholders letter: We\u2019ll &#8216;vigorously pursue&#8217; more BTC buys &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_MicroStrategy_shareholders_letter_Well_%E2%80%98vigorously_pursue_more_BTC_buys_%E2%80%9C\"><\/span>&#8221; MicroStrategy shareholders letter: We\u2019ll &#8216;vigorously pursue&#8217; more BTC buys &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMDgwZDg1MzAtODdmMy00NTc3LTg3MGItMjg4MThmNGIwZDU5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>MicroStrategy CEO Michael Saylor has proclaimed to shareholders of his company that his firm intends to \u201cvigorously pursue\u201d its reserve assets strategy to buy and hold more Bitcoin.<\/p>\n<p>Saylor\u2019s publicly traded company is the largest single-wallet holder of Bitcoin (BTC) in the world with 129,218 BTC according to wallet <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.net\/\">tracker<\/a> Bitcoin Treasuries. Those coins are currently valued at about $5.1 billion. MicroStrategy bought 4,197 more coins on April 5. <\/p>\n<p>By comparison, Tesla, MicroStrategy&#8217;s runner-up in the hodling race, owns 43,200 BTC valued at about $1.7 billion.<\/p>\n<p>In MicroStrategy&#8217;s <em>2022 Proxy Statement<\/em> that was filed with the SEC on April 14, Saylor praised his company\u2019s ongoing success in being early to add BTC to its treasury and add value for customers and shareholders. MicroStrategy only paid about $3.9 billion for the BTC in its treasury, translating to a paper profit margin of $1.2 billion. Saylor wrote in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1050446\/000119312522105552\/d319484ddef14a.htm\">letter<\/a>:<\/p>\n<blockquote><p>\u201cOur parallel strategy to acquire and hold Bitcoin has been a tremendous success.\u201d<\/p><\/blockquote>\n<p>The letter also states that Microstrategy\u2019s BTC holdings are well in the green, but made it difficult for the company\u2019s executives to obtain liability insurance. As a result, Saylor has provided the insurance out of his own pocket.<\/p>\n<p>Saylor\u2019s 68.1% ownership of MicroStrategy means that he can pretty much do what he likes at the company, which also helps explain why more companies have not followed his lead. He\u2019s been one of the most vocal proponents for Bitcoin since 2020 and uses his position to reach global audiences.<\/p>\n<p>On Mar. 29, the MacroStrategy subsidiary of Saylor\u2019s software firm said it would use $205 million obtained in a Bitcoin-collateralized loan from Silvergate Bank to buy more BTC. Saylor said in an announcement that the loan marked the first time his company was using its BTC holdings as \u201cproductive collateral.\u201d <\/p>\n<p>Despite global headwinds from the war, inflation and interest rate rises, MicoStrategy and Do Kwon\u2019s Terra (LUNA) buying tens of millions of dollars worth of Bitcoin at a time has helped maintain some confidence in prices. Terra\u2019s holdings are now only 800 coins behind Elon Musk\u2019s Tesla, which holds the second most BTC among publicly traded companies.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin dives on Wall Street open, DOGE price jumps on Elon Musk&#8217;s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> offer<\/em><\/strong><\/p>\n<p>Bitcoin is down 2.65% over the past 24 hours trading at $40,109 according to Cointelegraph data.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/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\/microstrategy-shareholders-letter-we-ll-vigorously-pursue-more-btc-buys\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; MicroStrategy shareholders letter: We\u2019ll &#8216;vigorously pursue&#8217; more BTC buys &#8220; MicroStrategy CEO Michael Saylor has proclaimed to shareholders of his company that his firm intends to \u201cvigorously pursue\u201d its reserve assets strategy to buy and hold more Bitcoin. Saylor\u2019s publicly traded company is the largest single-wallet holder of Bitcoin (BTC) in the world with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":431895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMDgwZDg1MzAtODdmMy00NTc3LTg3MGItMjg4MThmNGIwZDU5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,108706,122847,117],"class_list":["post-431894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-buy","tag-microstrategy","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431894","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=431894"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/431895"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=431894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=431894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=431894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}