To fund this latest spree, Saylor sold 123,000 shares of Series A preferred stock. Yes, he’s using stock sales to buy Bitcoin. Interesting strategy, right?
With these recent acquisitions, Saylor’s total Bitcoin stash now sits at a jaw-dropping 499,226. At today’s rates, that’s a whopping $41.6 billion. Sounds like a fantasy, but it’s real. His average cost per Bitcoin is around $66,360. It’s a wild ride, no doubt.
Saylor’s Bitcoin haul hits 499,226, worth $41.6 billion—wild ride with an average cost of $66,360!
Now, let’s talk market vibes. The week of his purchase? Bitcoin dipped slightly—about 0.6%. Meanwhile, the broader crypto market was like, “Hold my beer,” gaining 5.2%. Interestingly, his firm recently acquired 130 BTC during this time, continuing his disciplined approach. This latest acquisition reflects Saylor’s methodical investment strategy. Investing in cryptocurrency often involves navigating significant market fluctuations, which can lead to quick losses.
Saylor’s move raised eyebrows. Some folks in the crypto community are scratching their heads. Is he a genius or just another guy throwing money at a volatile market? Analysts are divided, with some suggesting Bitcoin might trend downward or stagnate in the coming months.
Saylor believes in Bitcoin’s long-term potential. He sees it as a way to preserve wealth. Not just a gamble.
He’s also planning to offer 5 million more shares of that Series A preferred stock. The proceeds are earmarked for more Bitcoin and other business ventures. Is this a masterstroke or reckless abandon? Only time will tell.
But one thing’s for sure: Michael Saylor is betting big on Bitcoin, and he’s not looking back. Stakeholders, grab your popcorn. This show is just getting started.
