Michael Saylor, a vocal Bitcoin evangelist who cofounded enterprise intelligence behemoth MicroStrategy and has stepped down from being its CEO to be its government chairman, has revealed a brand new tweet that has the BTC group intrigued.
Just lately, Saylor’s firm, MicroStrategy, performed yet one more large Bitcoin acquisition, whereas the BTC value took one other dive.
Michael Saylor hints at MicroStrategy’s new emblem?
Famend entrepreneur and Bitcoiner Saylor revealed a picture that depicts a furry cartoon-like creature that’s consuming cash with the Bitcoin signal on them. “New emblem?” Saylor tweeted with that picture.
New Brand? pic.twitter.com/oWcZFkCxK4
— Michael Saylor⚡️ (@saylor) June 21, 2024
This tweet introduced on a heated dialogue within the feedback, the place some X customers started to ask if it is a “new emblem” for MicroStrategy for the reason that creature on this picture is consuming Bitcoin – equally to Saylor’s firm, which continues to make massive BTC acquisitions.
MicroStrategy acquires extra Bitcoin
Earlier this week, Michael Saylor introduced yet one more Bitcoin buy as MicroStrategy purchased one other massive BTC lump – 11,931 BTC, paying roughly $786 million for it. Now, the corporate holds a staggering 226,331 Bitcoin price $8.33 billion in whole.
This BTC was acquired at a median value of $65,883 per coin. MicroStrategy is now the main company cryptocurrency holder by a big margin.
This mega Bitcoin buy was attainable because of the corporate lately elevating $800 million in debt utilizing convertible senior notes bought to traders. The preliminary purpose was to lift $500 million to purchase extra BTC and to make use of the remainder of the funds for operational bills.
Nonetheless, later, the purpose was expanded from $500 million to $800 million.