Saylor Doubles Down: MicroStrategy Scoops Up 4,980 BTC in Latest Bitcoin Bet

Another day, another nine-figure wager on digital gold. MicroStrategy just loaded up its crypto war chest—again.

The corporate Bitcoin whale

Michael Saylor's tech firm just dropped the equivalent of a Manhattan penthouse into BTC. The 4,980 coin purchase marks MicroStrategy's seventeenth (!) consecutive quarter adding to its position. At this rate, their balance sheet might as well trade under ticker $HODL.

Wall Street scratches its head

While traditional finance analysts hyperventilate about 'volatility,' Saylor keeps treating Bitcoin like a corporate 401(k)—if 401(k)s delivered 10,000% returns. The move comes as BlackRock quietly liquidates another fossil fuel ETF. Priorities.

The big question: When does 'corporate strategy' become a crypto cult? For shareholders' sake, let's hope the BTC price chart keeps mooning.

In Brief

• MicroStrategy bought 4,980 bitcoins for 531 million dollars between June 23 and 29.
• The company now holds 597,325 BTC, with an average acquisition cost of 70,980 dollars.
• Financing comes from STRK and STRF stock issuances through ATM-type programs.
• 7,383 BTC have been moved to three wallets, reinforcing the cold storage strategy.

MicroStrategy Reloads Again: A Strategy Calibrated to the Last Satoshi

Here is a corrected, smooth, and faithful version of your intent:

What seemed only an intention has been confirmed: Saylor has just made his 11th consecutive purchase. The official document published at the SEC sets the tone:, at an. Result: Strategy’s wallet now approaches 600,000 BTC, representing 42.4 billion dollars invested since the adventure began.

Michael Saylor proudly shared this update on X:

We acquired 4,980 BTC this week for ~531 million dollars. As of 06/29/24, MicroStrategy holds 597,325 BTC.

Another strategic detail: these acquisitions are partly, the specially-designed listed stocks for raising funds. Note: the company has also paid, a sign that the strategy is followed to the letter… and profitable for some shareholders.

Finally, 7,383 BTC – nearly 800 million dollars – were moved to three new wallets, though the exact reason is unknown. Enhanced security or a finer custody strategy? In any case, this movement intrigues.

Bitcoin and Storytelling: When Saylor Becomes the Market’s Prophet

Every week, Michael Saylor posts a new brick to his legend on X. And his phrases hit like prophecies:

In 21 years, you will regret not having bought more.

But behind the oracle hides a well-oiled mechanism:

• Each purchase is announced by an ambiguous phrase;
• The movements are relayed by Lookonchain, which tracks flows to new wallets;
• And speculators follow.

Thisfeeds a digital faith that goes beyond mere investment. For some, Strategy has become; for others, it is a signal of. And when the company shows more than 52% unrealized gain, it’s hard to contradict this narrative.

Key figures to remember:

• 11 consecutive weeks of purchases;
• 597,325 BTC in total;
• Year-to-date return of +19.7%;
• 2025 target: +25%;
• Custody: 7,383 BTC moved at once.

MicroStrategy seems to want to become the Gold standard for company balance sheets. A model that young CFOs are scrutinizing closely.

The trajectory of bitcoin continues to climb. Nearing 109,000 dollars, the queen of cryptos opens the way to what could become an unprecedented quarterly record. A surge that, if it continues, will rewrite much more than lines of code or ledger entries: it could redraw the entire financial landscape.

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