#SaylorBTCPurchase MicroStrategy, led by executive chairman Michael Saylor, has been aggressively accumulating Bitcoin (BTC) as part of its corporate treasury strategy. Here’s a summary of their Bitcoin purchases:
### **Latest Purchase (As of June 2024)**
- **June 2024**: MicroStrategy purchased an additional **11,931 BTC** for **$786 million** at an average price of **~$65,883 per Bitcoin**.
- This brings their total holdings to **226,331 BTC**, acquired for **~$8.3 billion** at an average price of **~$36,798 per BTC**.
### **Historical Purchases**
- **2020-2021**: MicroStrategy was one of the first major corporations to adopt Bitcoin as a treasury reserve asset, starting with a **$250 million purchase** in August 2020.
- **2022-2023**: Continued buying during market downturns, including purchases at prices below **$20,000**.
- **2024**: Accelerated acquisitions as Bitcoin’s price rebounded, including a **$800 million convertible note offering** to fund more BTC buys.
### **Key Points**
- MicroStrategy holds more Bitcoin than many publicly traded companies and even some countries.
- Saylor remains a vocal Bitcoin advocate, promoting it as "digital property" and a hedge against inflation.
- The company’s stock (**MSTR**) is often seen as a Bitcoin proxy for institutional investors.
Would you like details on a specific purchase or Saylor’s latest statements on Bitcoin?
