#SaylorBTCPurchase
MicroStrategy, under the leadership of Michael Saylor, has made significant Bitcoin (BTC) purchases as part of its corporate treasury strategy. Here are the key details about their BTC acquisitions:
### **Latest Purchase (As of June 2024)**
- **April 2024**: MicroStrategy purchased an additional **9,245 BTC** for approximately **$623 million**, at an average price of **$67,382 per Bitcoin**.
- **Total Holdings**: **214,400 BTC** (as of April 2024).
- **Total Investment**: Over **$7.5 billion** at an average price of **$35,180 per BTC**.
### **Historical Purchases**
- **2020-2023**: MicroStrategy was the first major public company to adopt Bitcoin as a treasury reserve asset, starting in **August 2020** with a **$250 million** purchase.
- **2021-2023**: Continued aggressive buying, including a **$1.026 billion** purchase in **July 2021** and multiple acquisitions during market dips.
### **Why Does MicroStrategy Buy Bitcoin?**
- **Inflation Hedge**: Saylor views Bitcoin as a superior store of value compared to cash or gold.
- **Corporate Strategy**: The company holds BTC as its primary treasury asset, believing in its long-term appreciation.
- **Leverage**: MicroStrategy has issued convertible bonds and taken loans to fund BTC purchases.
### **Market Impact**
- MicroStrategy’s BTC holdings are worth over **$15 billion** (at current BTC prices), making it the largest corporate holder of Bitcoin.
- The company’s stock (**MSTR**) is often seen as a **"proxy for Bitcoin"** in traditional markets.
Would you like details on a specific purchase or their latest earnings report?
