MicroStrategy boss Michael Saylor flexed with 2,530 new Bitcoin buys, now holding 450K BTC worth $40.8B, up $12B profit!
Michael Saylor, the Bitcoin boss, just dropped some major crypto news! His company, MicroStrategy, snagged 2,530 more BTC worth $243M between January 6 and 12. That’s a massive boost to their stash, which now stands at a jaw-dropping 450,000 Bitcoin.
Here’s the tea: MicroStrategy scored these coins at an average of $95,972 each. With Bitcoin sitting around $92K now, their total holding is valued at $40.8B, giving them a solid $12B profit on their $28.2B investment.
This move cements MicroStrategy as the biggest Bitcoin whale in the corporate world, afterall it owns about 2.1% of all BTC. They’ve been on a 10-week buying streak, all part of their “21/21 Plan,” aiming to raise $42B through shares and bonds to stack even more BTC.
Oh, and they’re still hustling! They sold 710K shares in January for $243M and have $6.5B worth of shares ready to fund future buys.
While Bitcoin’s price dipped 9% recently to $90.5K, Saylor’s faith hasn’t wavered. People think upcoming events, like Trump’s inauguration, might give crypto the boost it needs.
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