#SaylorBTCPurchase

The hashtag #SaylorBTCPurchase typically refers to Bitcoin purchases made by Michael Saylor or his company, MicroStrategy. Here’s a quick overview of what it usually signifies:

Who is Michael Saylor?

Michael Saylor is the Executive Chairman and co-founder of MicroStrategy, a business intelligence firm.

He is one of the most prominent corporate advocates for Bitcoin.

What is #SaylorBTCPurchase?

This hashtag is often used on social media whenever MicroStrategy announces the purchase of more Bitcoin.

These purchases are usually made public via official filings or Michael Saylor’s personal X (formerly Twitter) account.

Key Highlights:

MicroStrategy began purchasing Bitcoin in August 2020.

As of early 2024, they held over 190,000 BTC, acquired at an average price of around $31,000 per BTC.

These purchases are often seen as a signal of long-term confidence in Bitcoin.