#SaylorBTCPurchase Michael Saylor and his company, **MicroStrategy**, are well-known for their aggressive Bitcoin (BTC) accumulation strategy. Heres a summary of their Bitcoin purchases and related details:
### **MicroStrategys Bitcoin Holdings (As of Latest Data)**
- **Total BTC Held:** **214,400 BTC** (as of June 2024)
- **Total Investment:** Over **$7.5 billion** (average purchase price ~$35,000 per BTC)
- **Current Value (at ~$60,000/BTC):** ~**$12.86 billion**
**Key Purchases & Strategy**
1. **August 2020** MicroStrategy became the first publicly traded company to adopt Bitcoin as a primary treasury reserve asset, buying **21,454 BTC** for **$250 million** (~$11,650/BTC).
2. **Ongoing Purchases** Since then, MicroStrategy has consistently added BTC through market purchases, convertible note offerings, and excess cash.
3. **Largest Single Purchase (2024)** In March 2024, MicroStrategy bought **12,000 BTC** for **$821.7 million** (~$68,477/BTC).
4. **No Plans to Sell** Saylor has repeatedly stated that MicroStrategy will **"never sell"** Bitcoin and views it as a long-term store of value.
**Michael Saylors Bitcoin Advocacy**
- Saylor is one of Bitcoins most vocal proponents, arguing that BTC is superior to gold, fiat, and other assets due to its scarcity and decentralization.
- He frequently promotes Bitcoin on social media and in interviews, calling it the future of corporate treasury strategies.
**Recent Developments (2024)**
- MicroStrategy continues to raise funds (via stock sales & debt) to buy more Bitcoin.
- Saylor stepped down as CEO in 2022 to focus on Bitcoin advocacy but remains Executive Chairman.
- The companys stock (**MSTR**) is often seen as a **"Bitcoin proxy"** in traditional markets.
**Why Does MicroStrategy Buy So Much Bitcoin?**
- **Inflation Hedge:** Saylor believes fiat currencies lose value over time, while Bitcoins fixed supply (21 million) makes it deflationary.
- **Corporate Strategy:** Instead of holding cash, MicroStrategy uses BTC as its primary reserve asset.
- **Long-Term Bet:**
