Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?


MicroStrategy has just added another 4,980 Bitcoin to its stash, spending about $531 million at an average of $106,801 per coin. That brings the company’s total haul to 597,325 BTC.

At today’s market price, those holdings are worth over $64  billion, compared with the roughly $42.4  billion MicroStrategy (now Strategy) has put in, fees included.

According to the June 30 filing with the US Securities and Exchange Commission, Strategy – led by billionaire Michael Saylor – is sitting on nearly $21.6  billion in unrealized gains.

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Strategic Bitcoin Push

Strategy bought its latest batch during the week ending June 29. The firm has already snapped up 88,062  BTC

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