#SaylorBTCPurchase Michael Saylor's Strategy recently bought 6,556 Bitcoin for $555 million, bringing their total holdings to 538,200 BTC, valued at around $47 billion. This purchase was funded through proceeds from Strategy's Common ATM equity offering and Series A perpetual convertible preferred stock offering.
*Key Details:*
- *Purchase Amount*: 6,556 Bitcoin bought for $555 million
- *Average Price*: $84,785 per coin
- *Total Holdings*: 538,200 Bitcoin, equivalent to over 2.5% of the total BTC supply
- *Goal*: Accumulate $42 billion in Bitcoin by the end of 2027
*Strategy's Bitcoin Acquisition Pattern:*
- Saylor often hints at potential Bitcoin purchases on Sundays before making an announcement on Mondays
- The company has consistently used debt and equity raises to fund its Bitcoin accumulation, betting on the asset's long-term appreciation
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*Impact on Market:*
- Saylor's Bitcoin Strategic Reserve Plan aims to generate up to $81 trillion to ease the US debt crisis
- The plan proposes the US government secure 20% of Bitcoin's total supply to reinforce America's dominance in the digital economy ³