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
| Date | Year | Accumulated BTC |
|---|---|---|
| January 31st | 2022 | 125,051 BTC |
| April 5th | 2022 | 129,218 BTC |
| June 28th | 2022 | 129,699 BTC |
| September 19th | 2022 | 130,000 BTC |
2021 Microstrategy BTC accumulation
| Date | Year | Accumulated BTC |
|---|---|---|
| March 13th | 2021 | 91,326 BTC |
| April 5th | 2021 | 91,579 BTC |
| May 18th | 2021 | 92,079 BTC |
| June 21st | 2021 | 105,085 BTC |
| September 13th | 2021 | 114,042 BTC |
| November 29th | 2021 | 121,044 BTC |
| December 30th | 2021 | 124,391 BTC |
MicroStrategy's growing Bitcoin investment is rivaled only by Tesla's 42,000 BTC holdings. Other Bitcoin institutional investors to watch include:
- Tesla
- Grayscale
MicroStrategy Bitcoin holdings compared to Tesla & Terra
| MicroStrategy | Tesla | GrayScale | |
|---|---|---|---|
| Number of BTC | 130,000 BTC | 10,500 BTC | 638,520 BTC |
| Percentage of BTC Supply | 0.619% | 0.00362% | 3.14% |
Michael Saylor's personal Bitcoin holdings
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.
First published on Apr 6, 2022
Bitcoin