#SaylorBTCPurchase Michael Saylor, Executive Chairman of MicroStrategy, has implemented a bold Bitcoin acquisition policy that redefines corporate treasury management. Since 2020, MicroStrategy has consistently acquired Bitcoin, viewing it as a superior store of value compared to traditional assets. The company employs a dollar-cost averaging strategy, purchasing Bitcoin regularly regardless of market volatility, and utilizes the Time Weighted Average Price (TWAP) algorithm to execute large orders discreetly without impacting market prices.
To fund these acquisitions, MicroStrategy has issued convertible bonds, senior secured debt, and equity, effectively leveraging financial instruments to increase its Bitcoin holdings. Saylor has publicly stated that MicroStrategy has no intention of selling its Bitcoin holdings, emphasizing a long-term commitment to the cryptocurrency. This strategy has positioned MicroStrategy as a pioneer in corporate Bitcoin adoption, influencing other institutions to consider digital assets as part of their financial strategies.
While this approach has attracted both admiration and criticism, it underscores a significant shift in how corporations perceive and utilize digital assets in their financial planning.
