#SaylorBTCPurchase SaylorBTCPurchase
MicroStrategy, led by executive chairman Michael Saylor, has been one of the most aggressive corporate buyers of Bitcoin. Here are the key details about their BTC purchases:
### **Latest Purchase (As of June 2024)**
- **April 2024**: MicroStrategy acquired **9,245 BTC** for ~$623 million, bringing their total holdings to **214,400 BTC**.
- **Average Purchase Price**: ~$35,180 per BTC (total investment ~$7.54 billion).
- **Current Value**: At Bitcoin's current price (~$60,000), their holdings are worth ~$12.86 billion, representing a significant unrealized profit.
### **Historical BTC Accumulation**
- **2020**: Started buying BTC in August, purchasing 21,454 BTC.
- **2021**: Added significant amounts, including a $489 million purchase in Q1.
- **2022-2023**: Continued buying despite market downturns, using debt and stock sales.
- **2024**: Maintained an aggressive accumulation strategy, even as Bitcoin hit all-time highs.
### **Why Is MicroStrategy Buying So Much Bitcoin?**
- **Primary Strategy**: MicroStrategy has pivoted from a software company to a **Bitcoin-focused corporate holder**, using BTC as its primary treasury reserve asset.
- **Inflation Hedge**: Saylor advocates Bitcoin as a superior store of value compared to cash or gold.
- **Leverage**: The company has issued convertible bonds and used stock offerings to fund purchases, betting on long-term BTC appreciation.
### **Impact on Bitcoin’s Market**
- MicroStrategy is the **largest corporate holder of Bitcoin**, even surpassing some ETFs.
- Their consistent buying has contributed to market demand, especially during bullish cycles.
