Despite entering a new year, MicroStrategy, led by CEO Michael Saylor, continues its acquisition strategy for Bitcoin as it buys another $101 million worth of the cryptocurrency. This brings their total holdings to an impressive 447,470 BTC. The company recently sold off shares to finance the purchase, but still has plans to acquire more BTC in the future. The firm's recent purchase is part of their 21/21 plan, which includes equity and fixed-income securities capital raise to fund further BTC purchases.
Michael Saylor's Unwavering Bitcoin Acquisition Strategy: MicroStrategy's Latest $101 Million Purchase
Introduction
Michael Saylor, CEO of MicroStrategy, has emerged as a vocal advocate and ardent investor in Bitcoin. Despite market fluctuations, his company has consistently allocated significant financial resources to acquire the cryptocurrency. MicroStrategy's latest purchase of $101 million worth of Bitcoin underscores Saylor's unwavering belief in its long-term value.
Background
MicroStrategy first purchased Bitcoin in август 2020 with a total investment of $250 million. Since then, the company has repeatedly added to its holdings, viewing Bitcoin as a "digital gold" and a hedge against inflation. In December 2021, MicroStrategy sold approximately $500 million worth of its stock to finance further Bitcoin purchases.
Latest Purchase
On January 27, 2023, MicroStrategy announced that it had purchased an additional 2,500 Bitcoins for approximately $101 million. This purchase brings the company's total Bitcoin holdings to 447,470 BTC, valued at over $11.3 billion.
21/21 Plan
Saylor has outlined a "21/21 Plan" for MicroStrategy, which involves raising capital through equity and fixed-income securities issuance to fund future Bitcoin purchases. This plan aims to reach a target of 91,064 BTC by 2023.
Top 5 FAQs
1. Why is MicroStrategy investing so heavily in Bitcoin?
MicroStrategy views Bitcoin as a long-term store of value, a hedge against inflation, and a bridge to the future of digital currencies.
2. How has MicroStrategy funded its Bitcoin purchases?
MicroStrategy has raised capital through debt issuance, equity sales, and convertible notes to finance its Bitcoin acquisitions.
3. What is the 21/21 Plan?
The 21/21 Plan is a capital-raising strategy designed to acquire 91,064 BTC by 2023.
4. How much Bitcoin does MicroStrategy currently hold?
As of January 27, 2023, MicroStrategy holds 447,470 BTC.
5. What is Michael Saylor's outlook on Bitcoin?
Saylor has repeatedly expressed his bullish view on Bitcoin, predicting it will become a global reserve asset.
Conclusion
Michael Saylor's unwavering commitment to Bitcoin through MicroStrategy's aggressive acquisition strategy reflects his profound belief in its long-term potential. As the cryptocurrency market continues to evolve, Saylor's steadfastness serves as a testament to his vision for Bitcoin's transformative impact on the global financial system.
The three-day Startup Mahakumbh, inaugurated by Commerce and Industry Minister Piyush Goyal, is set to bring together 3,000 startups, over 1,000 investors, and 10,000 delegates from 50 countries. With a focus on fostering collaboration and innovation, this event will lay the groundwork for the future success of entrepreneurs. The second edition, set to take place in 2025, will feature participation from tribal entrepreneurs and showcase the growth of the Indian startup ecosystem.
In a surprise move, billionaire entrepreneur Elon Musk's artificial intelligence company xAI has acquired the popular social media platform, X, in a multi-billion dollar deal. With X's massive reach and data spanning two decades, xAI's advanced AI capabilities are set to get a big boost. However, the acquisition raises concerns about potential layoffs and the company's lack of accountability as a private entity. Only time will tell how this strategic move will impact the future of both xAI and X.
President Trump announced new tariffs on major trading partners, including India and China, during a speech at the White House on April 2. These "reciprocal tariffs" match the duties these countries have imposed on US goods, with India set to face a 26% tariff and China set at 34%. The tariffs will go into effect on April 9 at 12:01 am local time, sparking concerns for industries such as automobiles, with companies like Volkswagen already taking action to mitigate the impact.
Enter this month's competition for a chance to win one of two fantastic Motorola Edge 50 Pro handsets worth £600 each. With its sleek design, impressive camera system and fast charging capabilities, this phone is not to be missed. Plus, each winner will receive a limited-edition F1 engraved case to complete the package. All you have to do is answer a simple question on motorola.co.uk.
According to the Comptroller and Auditor General of India's report, state-owned telecom company BSNL incurred a loss of Rs 1,757.76 crore due to financial lapses in its Master Service Agreement with Reliance Jio Infocomm Ltd (RJIL). These lapses include BSNL's failure to enforce contractual terms, leading to revenue shortages and loss of potential interest. The report also highlights additional losses incurred by BSNL due to inefficient planning and procurement, resulting in unnecessary expenditure and non-realization of tax credits.
The National Company Law Tribunal has intervened in the ongoing dispute between Aakash Education Services Limited and Byju's, directing a status quo on the former's shareholding. This move came after the Resolution Professional of Byju's filed a plea in court. As one of India's leading ed-tech companies, Byju's has been aggressive in its acquisition of competitors such as Aakash Institute, and this development adds to the ongoing legal battles in the business world.
FOX News Network, LLC has announced exclusive offers for members of the military and first responders on their streaming platform, FOX Nation. The offers include discounted rates and additional benefits for those who serve in these roles. To learn more and take advantage of these offers, interested individuals can contact the designated help centers or visit the FAQ page on the FOX News website. With this initiative, FOX News continues to show their support for those who serve and protect their communities.
The Brihanmumbai Municipal Corporation (BMC) exceeded expectations by collecting Rs 6,172 crore in property tax in the financial year 2024-25. This marks a 30% increase compared to the previous year and is the highest ever collection for India's largest civic body. BMC officials attribute the success to consistent follow-ups, enhanced recovery measures, and citizen compliance. Despite facing financial strain, tax rates in Mumbai have remained unchanged since 2015, leading the BMC to explore other revenue sources.
Following a long wait, the Staff Selection Commission (SSC) has finally declared the final results of the Combined Graduate Level Examination (CGL) 2024,which was held on 12.03.2025. Out of 1267 candidates whose results were withheld, the SSC has released the scores for 219 candidates on its official website. The remaining results are still pending for further scrutiny, and candidates can check their scorecards by logging into the website using their registration number and password.
In a major move to revive the struggling telecom company Vodafone Idea (Vi), the Indian government has decided to convert an additional Rs 36,950 crore of the company's dues into equity, bringing the government's total stake in the company to nearly 49%. This follows a previous infusion of Rs 6,133 crore in equity in February 2023. With this takeover, the government becomes the single-largest shareholder in Vi and will continue to have operational control of the company. However, this decision has raised concerns about potential losses for taxpayers, as the government will have to acquire these shares at a premium of more than 47%.