Saylor's Sats Stacking Slows: MicroStrategy's Latest 'Budget' BTC Buy Barely Breaks $76M
Michael Saylor's corporate Bitcoin whale, MicroStrategy, was back at the buffet last week, but this time it opted for the appetizer menu. The firm gobbled up another 1,031 bitcoin, spending a comparatively modest $76.6 million for an average price of $74,326 per coin—a rounding error for the king of corporate hodlers.
This modest mouthful looks downright anemic next to the billion-dollar gulps it took during the prior two weeks, which were powered by its convertible note offering. Think of it as the difference between a degens' liquidation feast and a responsible post-bull-run salad. The filing confirmed this snack was funded purely from common stock sales, not debt—because sometimes you just use the change from the couch.
The company's legendary digital vault now contains a staggering 762,099 BTC, purchased for a total of approximately $57.69 billion, averaging $75,694 per coin. That's a position so large it probably has its own gravitational pull, subtly affecting the spot price.
As of the latest check, Bitcoin itself is hovering near $70,000, making Saylor's latest average buy price look like a relative steal. In a display of market irony, MSTR shares ticked up 1.7% in premarket trading on the news. Proof that in crypto, even Saylor's "light" buying is still a heavyweight event that moves markets.
Mentioned Coins
Share Article
Quick Info
Disclaimer: This content is for information and entertainment purposes only. It does not constitute financial, investment, legal, or tax advice. Always do your own research and consult with qualified professionals before making any financial decisions.
See our Terms of Service, Privacy Policy, and Editorial Policy.