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MSTR Adds to BTC Stash as Saylor Makes Bitcoin Pitch to Microsoft
- Even as Bitcoin climbs to sky-high prices, Michael Saylor remains unfazed.
- MicroStrategy just added another 15,400 BTC at an average price of US $95,976.
- This brings MSTR’s portfolio to over 402k Bitcoins, boasting a profit of over US $15b.
- Saylor plans to bring his Bitcoin-or-nothing strategy to Microsoft, arguing the tech giant should begin buying BTC rather than its own stock.
Michael Saylor doesn’t care.
Bitcoin could be trading at US $400 million (AU $617m), clearly forming a top, with nowhere to go but down – and Michael Saylor wouldn’t care.
He’d be there, buying up as much BTC as he can.
Yep, you guessed it. Michael Saylor and MicroStrategy have purchased yet another lump sum of BTC, this time adding 15,400 Bitcoins at an average buy price of US $95,976 (AU $148,225).
Related: US Spot Bitcoin ETFs Close November with Record-Breaking Inflows
Billion-Dollar Profits for MicroStrategy With Average Bitcoin Buy Price Moving Past US $50K
Despite Bitcoin’s struggles to push past the US $100k (AU $153k) psychological barrier, Saylor was not to be disheartened. His unyielding belief in the long-term potential of BTC seems to mean there’s no price too high, no technical chart too intimidating, that will prevent him from adding to MicroStrategy’s portfolio.
All up, MSTR publicly holds over 402k Bitcoin, with an average buy price of US $58,263 (AU $90k).
From here, we’ll let you do the math.
Okay fine. I’ll do the math.
This means that Saylor’s corporate BTC holdings have increased 64% – an all-time profit of about US $15b (AU $23b).
Microsoft Set for Trillion-Dollar Growth if they Begin Buying Bitcoin, Saylor Says
Given MicroStrategy’s immense success with strategically investing in Bitcoin, there’s no better person for interested businesses to quiz than Saylor.
This was proven when Microsoft, re-considering its corporate portfolio, enlisted Saylor and MSTR to present the potential benefits of “adopting Bitcoin”.
Saylor even went as far as posting the 3-minute presentation on social media, somehow cramming in 44 slides in the allotted time.
The cornerstone of Saylor’s pitch?
Telling Microsoft their value could rocket to US $5T (AU $7.72T) if they begin purchasing Bitcoin.
Author
Ben Knight
Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.
