#SaylorBTCPurchase é used on social networks to refer to news and discussions related to Bitcoin purchases made by Michael Saylor or by MicroStrategy, the company he founded.
Michael Saylor is the CEO and co-founder of MicroStrategy, an American business intelligence company.
He became famous in the crypto community for being one of the largest institutional advocates for Bitcoin.
Since 2020, MicroStrategy has adopted Bitcoin as its primary reserve asset, buying large amounts of the cryptocurrency numerous times. It indicates a new public announcement (usually via Twitter/X) of a significant Bitcoin purchase by Michael Saylor or by MicroStrategy.
With each new acquisition, Saylor posts how many BTC he bought, the amount paid, and the average price, using this hashtag to mark the subject.
The community follows to analyze the movements of large institutional investors, as these purchases often have repercussions in the market.
Example of recent use
If Michael Saylor announces on Twitter that MicroStrategy has purchased an additional 5,000 BTC, he will post details such as:
"MicroStrategy has acquired an additional 5,000 #BTC for $xx million at an average price of $yy per bitcoin.
Movements like these demonstrate institutional confidence in Bitcoin.
Large purchases can positively influence market perception and even the price of BTC.
The hashtag is monitored by investors looking to identify trends and information about institutional accumulators.
