📢STRATEGIC MOVEMENTS OF MICHAEL SAYLOR
📌Michael Saylor, co-founder of MicroStrategy (now known as Strategy), has been active in the Bitcoin market recently.
🔸Here are some details about his movements:
- *Bitcoin Purchase*: Strategy acquired 7,633 Bitcoins valued at over $742 million in February, raising its total holdings to 478,740 BTC. Recently, they added 130 more BTC to their treasury.
- *Convertible Bond Offering*: Strategy announced a convertible bond offering of $2 billion to finance further Bitcoin acquisitions. This suggests that Saylor plans to continue accumulating BTC.
- *Institutional Investment*: Despite concerns about the sustainability of the Bitcoin acquisition plan, large financial institutions like BlackRock have invested in Strategy. Twelve U.S. states also own shares of Strategy as part of their pension programs or treasury funds.
- *Accumulation Philosophy*: Saylor has shared his philosophy behind Bitcoin purchases, solidifying his reputation as one of the strongest supporters of BTC. His goal is to increase the use of "smart leverage" to finance more BTC purchases and create value for shareholders.
🔸His current Bitcoin holdings are worth over $46 billion, with a gain of 47.7% on his investment. Saylor has hinted at future Bitcoin purchases with cryptic messages on social media, such as "Needs more Orange" (orange is the color associated with Bitcoin).
