Michael Saylor Continues Bitcoin Amassment Campaign: MicroStrategy Buys Nearly 5,000 BTC, Total Holdings Approaching 600,000
MicroStrategy CEO Michael Saylor's Ambitious Bitcoin Amassment Strategy Continues to Gain steam as the tech company has announced a purchase of 4,980 BTC worth nearly $532 million. The move brings MicroStrategy's total Bitcoin holdings to 597,325 BTC, bringing the company closer to the staggering milestone of 600,000 BTC, or more than 2.8% of the global supply.
Buying Big During Sideways Market
The announcement was made by Saylor himself on social media platform X (formerly Twitter) on Monday morning, a day after he hinted at the deal on Sunday. The latest purchase was made at an average price of $106,801 per BTC, which is much higher than the average price of the entire portfolio.
According to detailed data, as of now, MicroStrategy has spent a total of $42.4 billion to buy 597,325 BTC, at an average price of about $70,982 per coin. Thus, compared to the current BTC price fluctuating around $107,000, the company's investment is profitable by about 36%, equivalent to an unrealized profit of more than $15 billion.
Persistence lasting nearly 4 years
MicroStrategy started its Bitcoin accumulation campaign in August 2020, when the price of BTC was below $12,000. Since then, the company has made at least 54 separate purchases, mostly funded through the issuance of convertible bonds, stocks, and business profits.
Saylor has repeatedly asserted that Bitcoin is the optimal strategic reserve asset in the modern financial era. Under his leadership, MicroStrategy has become the world's largest public company holding the most BTC, far surpassing names like Tesla, Coinbase or Metaplanet.
The goal is not just about numbers
According to experts' analysis, the fact that MicroStrategy continues to buy on a large scale, even when the price has recovered strongly from the bottom, is a sign that the company has a long-term vision and strong belief in Bitcoin's outstanding growth potential in the coming years.
Saylor has stated that he has no intention of selling BTC, calling it "the best digital real estate asset ever invented". He emphasized that accumulating Bitcoin is "my life's mission" and a strategy to protect the company's assets from inflation, currency fluctuations and systemic risks in the global financial system.
Chain effect and cumulative competition
MicroStrategy's new acquisition also comes shortly after Metaplanet, a Japanese company dubbed the "Asian MicroStrategy", announced the purchase of an additional 1,005 BTC. Competition among public companies to hoard Bitcoin is increasing, especially in the context of an increasing number of institutional investors viewing BTC as a reserve asset similar to gold.
In addition, MicroStrategy's acquisition of additional BTC is also expected to create a positive effect on the market, strengthening investor sentiment in the context of Bitcoin's price still fluctuating around the $107,000 mark without being able to break out clearly.
Pressure and expectations
Despite recording large unrealized profits, Saylor's strategy still faces many doubts from some traditional analysts, especially regarding the level of risk if BTC price reverses sharply or legal regulations change. So far, however, his long-term strategy is paying off.
Amid a volatile global financial landscape, including unpredictable US monetary policy, geopolitical rivalry, and potential inflation, Bitcoin has emerged as a highly regarded store of value. MicroStrategy is betting that it will be the safest place to anchor its assets for decades to come.
Conclusion
Michael Saylor has once again cemented his status as the “king of corporate Bitcoin” with a purchase of nearly 5,000 BTC as the market awaits its next breakout. With nearly 600,000 BTC under his belt, MicroStrategy is not only the biggest player on the Bitcoin stage, but also a symbol of the digital asset trend of the new investment era.