### #SaylorBTCPurchase Update: MicroStrategy’s Bitcoin Strategy

The hashtag **#SaylorBTCPurchase ** highlights **MicroStrategy's** ongoing Bitcoin ($BTC ) acquisitions under the leadership of executive chairman **Michael Saylor**. The company has emerged as a major corporate holder of BTC, continually increasing its holdings as part of its treasury strategy.

### **Latest Update (As of June 2024)**

- **Recent Acquisition**: MicroStrategy purchased **11,931 BTC** for approximately **$786 million** (avg. price of **~$65,883 per BTC**).

- **Total BTC Holdings**: **226,331 BTC** valued at around **$15 billion** (~$66,000/BTC).

- **Funding Sources**: The acquisition was partly financed through **convertible notes** and **stock sales**.

---

### **Key Aspects of MicroStrategy’s Bitcoin Approach**

1. **$BTC as Primary Treasury Asset**

- Cash reserves have been replaced with BTC, viewed as a superior **inflation hedge**.

- Saylor describes #BTC as "digital gold" with a capped supply of **21 million** coins.

2. **Strategic Accumulation**

- Since **August 2020**, MicroStrategy has exclusively bought BTC, never selling.

- Purchases are often made during **market dips**, including significant buys during the 2022 bear market.

3. **Funding Strategies**

- Utilizes **debt offerings** (convertible notes) for financing.

- Engages in **stock dilution** by selling shares to fund BTC acquisitions.

4. **Influence on Bitcoin Market**

- MicroStrategy's actions are closely monitored as indicators of **institutional BTC demand**.

- Saylor's strong advocacy has encouraged other companies to explore $BTC as a treasury asset.