MicroStrategy’s Michael Saylor has no intention of selling from his firm’s $5 billion Bitcoin chest despite a 40% drop in the value.
Tag: Michaël
MicroStrategy doles out $240M on additional Bitcoin purchase
Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday.
MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin.
In a Form 8-K filing with the United States Securities and Exchange Commission published on Monday, MicroStrategy stated that it has added 8,957 BTC to its corporate Bitcoin treasury in Q3 2021.
As previously reported by Cointelegraph, MicroStrategy recently bought 3,907 BTC at the cost of about $177 million between July 1 and Aug. 23.
Following the latest Bitcoin acquisition, the company now holds about 114,042 BTC acquired at an aggregate purchase cost of $3.16 billion.
According to the Form 8-K document, MicroStrategy’s Bitcoin cost comes down to about $27,713 per BTC inclusive of fees and sundry expenses.
2020/2021 is proving that it’s a lot hard to dump on @michael_saylor and Paul Tudor Jones than it is to dump on overleveraged retail speculators (2018).
2020/2021 is proving that it’s a lot hard to dump on @michael_saylor and Paul Tudor Jones than it is to dump on overleveraged retail speculators (2018).
. @michael_saylor looks like a genius to his shareholders and the world and he bought BTC @ $21500 when everyone was calling for a pull back!
. @michael_saylor looks like a genius to his shareholders and the world and he bought BTC @ $21500 when everyone was calling for a pull back!
EMPLOYEE OF THE YEAR AWARD GOES TO @michael_saylor. Bitcoin
EMPLOYEE OF THE YEAR AWARD GOES TO @michael_saylor.
#Bitcoin https://t.co/OSDzTmIUiO
@michael_saylor Yes, and when you buy Bitcoin all you are buying is hope. You are hoping that there is a greater fool than you to pay an even higher price than you paid. You had also better hope that you are smart enough, or lucking enough to sell before the rest of the fools rush to get out.
@michael_saylor Yes, and when you buy #Bitcoin all you are buying is hope. You are hoping that there is a greater fool than you to pay an even higher price than you paid. You had also better hope that you are smart enough, or lucking enough to sell before the rest of the fools rush to get out.
@rubenfalk @FoxNews The last think Grayscale wants is a Bitcoin ETF to compete with. I think @michael_saylor is trying to turn Microstrategy into a quasi Bitcoin ETF.
@rubenfalk @FoxNews The last think Grayscale wants is a Bitcoin ETF to compete with. I think @michael_saylor is trying to turn Microstrategy into a quasi #Bitcoin ETF.
@michael_saylor Congratulations to the Bitcoin whales you just made very rich by allowing them to unload their Bitcoin on MircroStrategy shareholders.
@michael_saylor Congratulations to the Bitcoin whales you just made very rich by allowing them to unload their #Bitcoin on MircroStrategy shareholders.
@elonmusk @michael_saylor Of course they are. There are several whales salivating at the opportunity of unloading large quantities of Bitcoin on any institution foolish enough to buy it. The problem for Tesla will be finding a greater fool to sell to when it needs actual cash to support its operations.
@elonmusk @michael_saylor Of course they are. There are several whales salivating at the opportunity of unloading large quantities of #Bitcoin on any institution foolish enough to buy it. The problem for Tesla will be finding a greater fool to sell to when it needs actual cash to support its operations.
@backpacker_btc @iammix24 @usgoose @elonmusk @michael_saylor @joerogan Most people who did buy Bitcoin back then did so with very small amounts of money. So it’s not a fair comparison.
@backpacker_btc @iammix24 @usgoose @elonmusk @michael_saylor @joerogan Most people who did buy #Bitcoin back then did so with very small amounts of money. So it’s not a fair comparison.