Even as Bitcoin prices soar, Michael Saylor remains unfazed. MicroStrategy added another 15,400 BTC at an average price of USD 95,976. This brings MSTR's portfolio to over 402,000 Bitcoins with profits of over USD 15 billion. Saylor plans to bring his Bitcoin-or-nothing strategy to Microsoft, arguing that the tech giant should start buying Bitcoin instead of its own stock.
Michael Saylor doesn't care.
Bitcoin may be trading at US$400 million (A$617 million) and has clearly formed a ceiling with nowhere to go but down, but Michael Saylor doesn't care Probably.
He will be there buying up as much BTC as he can.
Yes, you guessed it. Michael Saylor and MicroStrategy made yet another bulk purchase of BTC, this time adding 15,400 Bitcoins, for an average purchase price of US$95,976 (AU$148,225).
MicroStrategy acquired 15,400 BTC worth $1.5 billion, or approximately $95,976 each. #bitcoin And it achieved a BTC yield of 38.7% QTD and 63.3% YTD. As of December 2, 2024, we have 402,100 $BTC It was acquired for about $23.4 billion at about $58,263 per Bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor ⚡️ (@saylor) December 2, 2024
Related: US Spot Bitcoin ETF closes November with record inflows
Average Bitcoin purchase price exceeds USD 50,000, resulting in $1 billion profit for MicroStrategy
Despite Bitcoin's struggle to break through the US$100,000 (A$153,000) psychological barrier, Saylor was not discouraged. His unwavering belief in BTC's long-term potential seems to mean there are no too high prices or intimidating technical charts to prevent MicroStrategy from adding it to your portfolio.
Overall, MSTR publicly holds over 402,000 Bitcoins, with an average purchase price of US$58,263 (AU$90,000).
Let's do the calculations from here.
got it. I'll try to calculate it.
This means Saylor's corporate BTC holdings have increased by 64%, representing a record profit of approximately US$15 billion (A$23 billion).
Microsoft aims to grow by trillions of dollars if it starts buying Bitcoin, Saylor says
Given MicroStrategy's tremendous success with strategic investments in Bitcoin, there is no one better suited for interested companies than Saylor.
This was evidenced when Microsoft reviewed its corporate portfolio and asked Saylor and MSTR to present the potential benefits of “Bitcoin adoption.”
Thaler managed to cram 44 slides into the allotted time and even posted his three-minute presentation on social media.
The key to Saylor's pitch?
If Microsoft starts buying Bitcoin, its value could soar to US$5 trillion (AU$7.72 trillion).
