U.At the moment – Michael Saylor, the vocal evangelist who co-founded enterprise intelligence behemoth MicroStrategy and stepped down as CEO to change into its govt chairman, posted a brand new tweet that caught the eye of the BTC group.
Just lately, Saylor's firm MicroStrategy made one other huge acquisition of Bitcoin, whereas the value of BTC noticed one other leap.
Michael Saylor hints at new MicroStrategy emblem?
Famend entrepreneur and bitcoiner Saylor posted a picture that depicts a furry cartoon-like creature consuming Bitcoin cash. “A brand new emblem?” Saylor tweeted with this picture.
This tweet sparked a heated debate within the feedback, the place some X customers started to query whether or not this was a “new emblem” for MicroStrategy, for the reason that creature within the picture is consuming bitcoins – very similar to Saylor's firm, which continues to make giant BTC acquisitions.
MicroStrategy will get extra bitcoins
Earlier this week, Michael Saylor introduced one other Bitcoin buy as MicroStrategy purchased one other huge chunk of BTC – 11,931 BTC and paid round $786 million for it. Now, the corporate holds a staggering 226,331 bitcoins, price a complete of $8.33 billion.
This BTC was acquired at a mean value of $65,883 per coin. MicroStrategy is now the main holder of company cryptocurrency by a large margin.
This mega buy of Bitcoin was made potential by the truth that the corporate lately raised $800 million in debt utilizing convertible securities bought to traders. The unique aim was to lift $500 million to purchase extra BTC and use the remainder of the funds for working prices.
Nevertheless, the aim was later expanded from $500 million to $800 million.
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