#SaylorBTCPurchase Michael Saylor and his company, **MicroStrategy**, are well-known for their massive Bitcoin (BTC) purchases. However, **Binance** (one of the largest cryptocurrency exchanges) is not directly involved in Saylor's BTC acquisitions—MicroStrategy typically buys Bitcoin through over-the-counter (OTC) deals or other institutional channels.

### **Latest Bitcoin Purchases by MicroStrategy (as of 2024)**

- **June 2024**: MicroStrategy bought an additional **11,931 BTC** for **$786 million**, bringing their total holdings to **226,331 BTC** (purchased for ~$8.3 billion at an average price of ~$36,800 per BTC).

- **April 2024**: Acquired **9,245 BTC** for **$623 million**.

- **March 2024**: Purchased **9,000 BTC** for **$623 million**.

### **Does Binance Play a Role?**

While Binance is a major exchange, **MicroStrategy usually buys BTC via institutional OTC desks** (like Coinbase Prime, Swan Bitcoin, or other private transactions) to avoid market slippage. However:

- Binance could be used for liquidity if MicroStrategy trades through their institutional arm (**Binance Institutional**).

- Retail and other traders on Binance often react to Saylor’s announcements, causing market movements.

### **Why Does This Matter?**

- Saylor’s purchases signal strong institutional confidence in Bitcoin.

- His average BTC buy price (~$36.8k) is below Bitcoin’s all-time high (~$73k in 2024), meaning MicroStrategy is still in profit.

- Binance traders watch these moves for market sentiment clues.

Would you like details on how to track large BTC purchases or OTC deals?