MicroStrategy has spent $2.7B on buying bitcoin over current prices
Michael Saylor has led MicroStrategy to purchase bitcoin above current prices on no less than nine separate occasions.
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Michael Saylor has led MicroStrategy to purchase bitcoin above current prices on no less than nine separate occasions.
Michael Saylor got predictions about unregistered securities, spot Ethereum ETFs, and institutional investor support completely wrong.
This month alone, Michael Saylor has sold over $70 million worth of MicroStrategy stock, while in March he sold $144 million.
Ten31's Matt Odell claimed this week that Michael Saylor has “actively killed deals to support developers,” and that “he is proud of it.”
According to its most recent 8K, MicroStrategy, holds 214,246 bitcoins -- between 1.3% and 1.8% of all bitcoin that can ever be moved.
MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it's sold $339 million in shares.
MicroStrategy says revenues from its analytics business may not be enough to pay its debts and it may have to sell its bitcoin or more shares.
Michael Saylor, chairman of MicroStrategy, candidly explained why he went all-in on bitcoin... and what happens if the firm goes broke.
According to two investment tracking websites, Michael Saylor and Nayib Bukele are a combined $1.75B down on their bitcoin investments.
According to BlockchainCentre.net, MicroStrategy’s 130,000 bitcoins are worth $2.7B — impressive if it hadn’t spent $4B on acquiring them.