{"id":580294,"date":"2022-12-28T14:08:51","date_gmt":"2022-12-28T14:08:51","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=580294"},"modified":"2022-12-28T14:28:05","modified_gmt":"2022-12-28T14:28:05","slug":"michael-saylor-microstrategy-bitcoin-btc","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/michael-saylor-microstrategy-bitcoin-btc\/","title":{"rendered":"Michael Saylor&#8217;s MicroStrategy Parks $56 Million In Bitcoin"},"content":{"rendered":"\n<p>Summary: <\/p>\n\n\n\n<ul><li>MicroStrategy bought roughly 2,395 BTC between November 1 and December 21, 2022.<\/li><li>The firm also purchased another 810 BTC for $11.6 million on December 24.<\/li><li>Saylor&#8217;s company spent around $42.8 million bolstering its Bitcoin holdings to about 135,000 BTC worth approximately $2.2 billion at press time.<\/li><li>Microstrategy also sold BTC for the first time, offloading some 704 coins for $11.8 million according to the SEC filing.\u00a0<\/li><\/ul>\n\n\n\n<p>Software developer MicroStrategy bought more Bitcoin with about $42.8 million in cash, per a filing with the Securities and Exchange Commission.&nbsp;<\/p>\n\n\n\n<p>According to the filing, Michael Saylor\u2019s company scooped 2.395 BTC between November 1 and December 21, 2022. The massive buy was deployed via MacroStrategy, a subsidiary of Saylor\u2019s technology giant.&nbsp;<\/p>\n\n\n\n<p>Saylor used MacroStrategy to secure a $205 million loan for further Bitcoin investments, as <a href=\"https:\/\/en.ethereumworldnews.com\/?s=macrostrategy\">reported<\/a> by EthereumWorldNews in March 2022. The company bagged 4,167 BTC shortly after securing the loan from Silvergate.<\/p>\n\n\n\n<h2>MicroStrategy Buys More Bitcoin<\/h2>\n\n\n\n<p>Saylor\u2019s firm acquired 2.395 BTC for an average price of $17,7821 per BTC, per the SEC filing. The software heavyweight also bought more Bitcoin on December 24, 2022 with roughly $13.6 million in cash. Per the filing, MicroStrategy bought some 810 BTC at an average price of $16,845 per Bitcoin through its subsidiary MacroStrategy.<\/p>\n\n\n\n<p>MicroStrategy\u2019s total BTC holdings grew to about 135,000 Bitcoin after the firm deployed approximately $56.4 million in total between November 1 and December 24, 2022 per the filing.&nbsp;<\/p>\n\n\n\n<h2>Saylor\u2019s Firm Sold BTC For The First Time<\/h2>\n\n\n\n<p>The firm reportedly sold 704 BTC for $11.8 million on December 22, 2022, in a bid to qualify for a tax benefit, said the SEC <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1050446\/000119312522313098\/d398241d8k.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">document<\/a>. Notably, the sale marked the first time Saylor\u2019s firm sold Bitcoin. MicroStrategy reportedly made its first BTC purchase in the summer of 2020.&nbsp;<\/p>\n\n\n\n<p>Bitcoin traded at $16,656 on Wednesday after the leading crypto <a href=\"https:\/\/www.forbes.com\/sites\/dereksaul\/2022\/11\/09\/crypto-crash-deepens-bitcoin-hits-2-year-low-after-ftx-implosion\/\" target=\"_blank\" rel=\"noreferrer noopener\">dropped<\/a> over 60% from its all-time high in November 2021.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img width=\"891\" height=\"517\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/BTCUSDT_2022-12-28_15-02-43.png\" alt=\"\" class=\"wp-image-580295\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/BTCUSDT_2022-12-28_15-02-43.png 891w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/BTCUSDT_2022-12-28_15-02-43-300x174.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/BTCUSDT_2022-12-28_15-02-43-770x447.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/BTCUSDT_2022-12-28_15-02-43-269x156.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/BTCUSDT_2022-12-28_15-02-43-746x433.png 746w\" sizes=\"(max-width: 891px) 100vw, 891px\" title=\"\"><figcaption><strong><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" data-type=\"URL\" data-id=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" rel=\"noopener\">BTC\/USDT by TradingView<\/a><\/strong><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy spent over $50 million buying more Bitcoin and sold some BTC for the first time ever. <\/p>\n","protected":false},"author":55,"featured_media":580297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,2],"tags":[108421,108189,108185],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580294"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=580294"}],"version-history":[{"count":6,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580294\/revisions"}],"predecessor-version":[{"id":580302,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580294\/revisions\/580302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/580297"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=580294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=580294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=580294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}