Michael Saylor's $30M Bitcoin Acquisition Catapults His Crypto Wealth into the Billions – Here's the Latest

Apr 6, 2023

By Jaroslaw Adamowski | @jaroslaw-adamowski

Exhibiting a consistently bullish stance on Bitcoin (BTC), Michael Saylor, the founder and executive chairman of software company MicroStrategy, has significantly expanded the firm's crypto exposure through a recent substantial investment.

MicroStrategy unveiled its latest BTC purchase in a filing with the U.S. regulator Securities and Exchange Commission (SEC). 

“On April 5, 2023, MicroStrategy Incorporated … announced that, during the period between March 24, 2023 and April 4, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 1,045 bitcoins for approximately $29.3 million in cash, at an average price of approximately $28,016 per bitcoin, inclusive of fees and expenses,” the business said in its filing. 

As of April 4, 2023, together with its subsidiaries, the software firm held a total of about BTC 140,000, which were bought at an aggregate price of some $4.17 billion and an average purchase price of about $29,803 per BTC, including fees and expenses, according to data released by MicroStrategy. 

The latest development, which Saylor also shared on his personal Twitter account, has triggered a wide range of reactions from the businessman’s followers on the social media platform. 

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