MicroStrategy adds $620m Bitcoin to massive BTC stash


Michael Saylor’s MicroStrategy now holds some 189,150 Bitcoin worth over $8 billion as of Dec. 27.

MicroStrategy bought an additional 14,620 Bitcoin (BTC) at an average price of $42,110 per coin, according to Michael Saylor, who founded the company back in 1989. Saylor’s firm spent $615.7 million acquiring its latest BTC purchase.

The company started buying BTC in 2020 following a global pandemic as Saylor sought to mitigate what he called “the eroding threat of inflation”. MicroStrategy has injected roughly $5.9 billion into Bitcoin since then.

Saylor’s investment strategy means the company has made around $2 billion in profits on its BTC portfolio by acquiring crypto’s top token through a mix of cash, debt, and equity. Investing in BTC has also been a boon for MicroStrategy’s stock. According to Google Finance, the company’s stock gained over 300% in 2023 alone and traded for $603.89 at press time.

The decision to double down on Bitcoin coincides with multiple applications from Wall Street stalwarts and crypto-native asset managers seeking approval for a spot BTC ETF, an exchange-traded fund that would hold the crypto and offer Bitcoin exposure to American investors.

13 filers including BlackRock, Hashdex, and ARK 21Shares submitted bids with the U.S. Securities and Exchange Commission (SEC). It is unknown if the SEC will approve these applications, although the watchdog has engaged firms concerning their filings, which has prompted amendments and fueled speculation that spot BTC ETFs may finally be approved in America.

Saylor opined that spot Bitcoin ETFs could become a watershed moment for traditional finance and the crypto industry if approvals arrive. ETF experts and speculators alike believe a decision will be made in early January 2024, about three months before BTC’s halving event in April.

Source : crypto.news / Dec 27, 2023

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.