MicroStrategy Strategy Nearly 500,000 Bitcoins are not too much! Michael Saylor once again: Coming soon

avatar
ABMedia
03-24
This article is machine translated
Show original
MicroStrategy Founder Michael Saylor announced on 3/23 on Twitter (X) that he is preparing to buy BTC again. So far, Strategy has accumulated 499,226 BTC. According to SaylorTracker data, Strategy bought BTC continuously for 12 weeks between November 2024 and January 2025. On March 17, they purchased 130 BTC at $82,981 per coin, with a market value of about $10.7 million. On March 21, MicroStrategy officially announced the completion of a preferred stock financing, issuing shares at $85 with a 10% annual return and quarterly dividends, expected to bring in approximately $711 million. Saylor posted a BTC chart on Twitter (X) on 3/23 with the message "Needs more orange", which market observers interpreted as a signal that MicroStrategy might buy more BTC on 3/24. Saylor previously called on the US government to buy 25% of global BTC supply by 2035, emphasizing that by then, 99% of BTC will have been mined. He also submitted a proposal titled "A Digital Assets Strategy to Dominate the 21st Century Global Economy". Despite recent market fluctuations, MicroStrategy still has unrealized profits of nearly $42.9 billion. Currently, they hold 499,226 BTC. At the Blockworks Digital Assets Summit, Saylor provocatively stated that gold performs worse than the S&P 500 index, and that BTC is the only non-garbage commodity in human history.

(MicroStrategy Preferred Stock STRF Issued at a Discount of $85, Can 10% High Interest Attract Retail Investors?)

Risk Warning

Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo