I think at this point we can all agree to say that Michael Saylor is addicted to buying Bitcoin just as we are addicted to a lot of things. Microstrategy the company which Michael Saylor was the previous CEO has been buying bitcoin for the past two years. It all started with criticising bitcoin some few years ago, then learning and loving bitcoin to then making his company buy some bitcoin in 2020. People would think that if I was starting to buy Bitcoin he would buy less than a billion right? Microstrategy started its bitcoin journey in 2020, 14th of September 2020, the company bought 38,250 Bitcoin which cost about $175 Million. Quite high though and quite risky, but its bitcoin, everyone trust and love bitcoin. But that kicked off the addiction and motivated Michael Saylor to want Microstrategy to buy more.
On the 21st of December 2020, Michael Saylor announced that Microstrategy had gotten an additional 32,220 bitcoin making their total Bitcoin holding 70,470 Bitcoin which cost $650 Million to acquire, adding more bitcoin to the company’s bitcoin bag. Few weeks after that, bitcoin started making some interesting pumps and the demand for bitcoin increased. On February 24th 2021, Microstrategy bought $1 Billion worth of bitcoin increasing their Bitcoin bag and holding to 90,531. You would have thought that he would stop because the company already has enough, but nope, he got more addicted and decided to throw in $10 million worth of bitcoin on the 18th of May 2021. Increasing the company’s bitcoin holding from 90,531 to 92,079 Bitcoin.
On the 28th of November 2021, Microstrtaegy decided that they wanted to be the company with the most bitcoin holding in the world, so they spent $414 Million buying Bitcoin and increasing their total bitcoin holding to 121,044 Bitcoin. It definitely didn’t stop there as they decided to spend about $190 Million on some more bitcoin to add to their holding on the 4th of May 2022, increasing their bitcoin holding to 129,218 Bitcoin. On the 24th of December 2022, $13.6 Million was spent to buy more bitcoin increasing the Bitcoin holding to 132,500. By this time, no one is competing with the company, they are the company with the most bitcoin who have declared their bitcoin holdings publicly.
On the 31st of July, Microstaegy Bitcoin holding is currently at 152,800 Bitcoins, because they added $14 Million worth of bitcoins to their holding. They were other days they bought bitcoin but I didn’t keep record of the day. The company seems to have gone from software company to a bitcoin company where investing in the company is like investing in bitcoin. Currently, Michael Saylor has confirmed that they hope to raise $750 Million using their shares as leverage to buy more Bitcoin.