U.Today – Michael Saylor, the vocal evangelist who co-founded business intelligence giant MicroStrategy and stepped down as CEO to become executive chairman, posted a novel tweet that has the BTC community intrigued.
Recently, Saylor’s company, MicroStrategy, conducted another massive Bitcoin acquisition while the price of BTC fell again.
Michael Saylor mentions the novel MicroStrategy logo?
Famous entrepreneur and Bitcoiner Saylor posted a photo showing a furry cartoon-like creature eating coins with the Bitcoin mark on them. “New logo?” Saylor tweeted this photo.
This tweet sparked a heated discussion in the comments, with some X users asking if this was a “new logo” for MicroStrategy since the creature in this photo is eating Bitcoin – much like Saylor, which continues to make gigantic acquisitions of BTC.
MicroStrategy seizes more Bitcoin
Earlier this week, Michael Saylor announced another Bitcoin purchase as MicroStrategy purchased another gigantic amount of BTC – 11,931 BTC, paying approximately $786 million for it. The company currently holds a staggering 226,331 Bitcoins worth a total of $8.33 billion.
This BTC was acquired at an average price of $65,883 per coin. MicroStrategy is currently the leading holder of enterprise cryptocurrencies by a wide margin.
This mega Bitcoin purchase was made possible by the company’s recent incurring of $800 million in debt through convertible senior notes sold to investors. The initial goal was to raise $500 million to purchase more BTC, with the rest of the funds for operational expenses.
However, the target was later increased from $500 million to $800 million.
