#SaylorBTCPurchase Michael Saylor, the CEO of MicroStrategy, has been a prominent advocate for Bitcoin. Under his leadership, MicroStrategy has purchased significant amounts of Bitcoin as part of its corporate treasury strategy. Here are some key points:
- First Purchase: In August 2020, MicroStrategy announced its first purchase of 21,454 BTC for approximately $250 million.
- Subsequent Purchases: They've continued to buy Bitcoin, with their holdings growing significantly over time. By 2023, MicroStrategy held over 140,000 BTC.
- Purpose: Saylor believes Bitcoin is a superior store of value compared to traditional assets like gold, aiming to hedge against inflation and currency devaluation.