Michael Saylor Acquires 21,550 BTC Holdings Worth $2.1B
- MicroStrategy (MSTR) acquired additional Bitcoin holdings of 21,550 BTC worth $2.1 billion.
- With this acquisition, the firm achieved a Bitcoin Yield of 43.2% QTD and 68.7% YTD.
- Michael Saylor, the founder of MSTR, initiated the BTC buying strategy in 2020.
MicroStrategy (MSTR) has grabbed the headlines again with its latest acquisition of Bitcoin. Initiated in 2020, Michael Saylor, the founder of MSTR, has been purchasing Bitcoin at every given opportunity. With its latest purchase, the firm has achieved a Bitcoin Yield of 43.2% QTD and 68.7% YTD. Cementing its position as the largest Bitcoin corporate holder, the firm now holds about 423,650 Bitcoins worth over $25.6 billion at $60,324 per Bitcoin.
Posting the Bitcoin track sheet from SaylorTrakcker.com, Saylor stated that there was “still too much blue on.” The post, which went viral, indicated a possible Bitcoin purchase. Market observers stated that Saylor always bought Bitcoin after posting the tracker. Speculations were rife that the founder of MSTR would probably buy about $5 billion worth of Bitcoin.
Saylor, who had been vocal about purchasing Bitcoin, considered the cryptocurrency as digital capital. Recently, he gave a 3-minute speech to Microsoft delegates, urging them to acquire Bitcoin rather than bonds or shares. Apart from increasing Bitcoin adoption, he stressed that this would improve the tech giant’s stability and curb risks.
With Bitcoin reaching $100K last week, the market sentiment has inclined to extreme greed. Apart from Bitcoin, altcoins and meme coins witnessed a price surge in the market. Coincidentally, on the political front, U.S. Vice President-elect JD Vance has accumulated a considerable amount of Bitcoin in his crypto assets portfolio. Being a pro-crypto candidate, Vance has about $250-$500K BTC in his holdings.
Recently, based on Arkham Intel data, President-elect Donald Trump was stated to have the second-largest crypto in his portfolio. Notably, Trump has over 495.668 Ethereum (ETH) in his assets, along with WETH, TROG, and TRUMP. Trump, who had recently lent his support to the crypto community, had promised a strategic Bitcoin reserve in his economic reforms. If passed, the Treasury and the Federal Reserve would purchase about 200K tokens every year for 5 years.
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