MicroStrategy buy more Bitcoin, adds 301 BTC to its holdings

MicroStrategy owns 130,000 BTC as of September 19th, 2022. These BTC have been acquired at an average price of $30,639 per BTC. Holding roughly 0.6190% of Bitcoin's total supply, Microstrategt is one of the largest institutional holder of bitcoin. In total, MicroStrategy has spent $3.98 billion in BTC purchases.

The firm has made several purchases lately, leveraging equity, debt, and cash flows, while benefiting from BTC price dips. Whenever possible, Microstrategy has been accumulating Bitcoin at a discount.

Microstrategy Bitcoin accumulation

Microstrategy recently bought 301 BTC at an average price of $19,851 per BTC. Earlier in June the company purchased, 480 BTC at a price of $20,817 per BTC i.e totalling $10 million.

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin. ~ Michael Saylor via twitter

2022 Microstrategy BTC accumulation

DateYearAccumulated BTC
January 31st2022125,051 BTC
April 5th2022129,218 BTC
June 28th2022129,699 BTC
September 19th2022130,000 BTC

2021 Microstrategy BTC accumulation

DateYearAccumulated BTC
March 13th202191,326 BTC
April 5th202191,579 BTC
May 18th202192,079 BTC
June 21st2021105,085 BTC
September 13th2021114,042 BTC
November 29th2021121,044 BTC
December 30th2021124,391 BTC

MicroStrategy's growing Bitcoin investment is rivaled only by Tesla's 42,000 BTC holdings. Other Bitcoin institutional investors to watch include:

  1. Tesla
  2. Grayscale

MicroStrategy Bitcoin holdings compared to Tesla & Terra

Number of BTC130,000 BTC10,500 BTC638,520 BTC
Percentage of BTC Supply0.619%0.00362%3.14%

Michael Saylor's personal Bitcoin holdings

Microstrategy purchases more bitcoin in November

Michael Saylor owns more than 17,000 Bitcoin i.e approx. 17,732 Bitcoin. Michael aims to stash Bitcoin both at Microstrategy and on a personal level. To date, it's said that he has never sold any of his Bitcoin. He was recently said that he doesn't "believe you should sell your Bitcoin."

Michael Saylors Bitcoin price prediction

Michael Saylor anticipates a Bitcoin price of $6 million per BTC in the future, a 12,000% rise over the current value. In the long-term, expects that the Bitcoin will reach a market valuation of 100 trillion USD.

Michael Saylor has been vocal concerning Bitcoin and crypto, particularly taking great exception to the two. Under his leadership, MicroStrategy bought $250,000 worth of Bitcoin in August 2020. Ever since, Bitcoin has become Microstrategy's main reserve asset

According to Michael Saylor, Microstrategy aims to solely acquire and custody BTC. The CEO said they had no plans to venture into yield-making strategies like Bitcoin-backed credits amid the venture's returns of about 5% per annum. He said, "I think the counterparty risk is large."

However, Saylor hinted recently at the likelihood of MicroStrategy leveraging some alternative concepts to produce yield.


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