U.At present – Michael Saylor, the co-founder and staunch evangelist of enterprise intelligence big MicroStrategy who stepped down as CEO to change into chairman, has revealed a brand new tweet that has piqued the curiosity of the BTC group.

Lately, Saylor’s firm, MicroStrategy, made one other massive acquisition of Bitcoin, inflicting the value of BTC to plummet once more.

Michael Saylor hints at new MicroStrategy emblem?

Saylor, a widely known entrepreneur and bitcoin fanatic, shared a picture depicting a furry, cartoon-like creature consuming a coin bearing the Bitcoin image. He tweeted the picture together with the query, “New emblem?”

The tweet sparked a heated dialogue within the feedback part, with some X customers questioning whether or not it was a “new emblem” for MicroStrategy, because the creature within the picture is consuming Bitcoin. Saylor’s firm additionally continues to make massive Bitcoin acquisitions.

MicroStrategy Acquires Extra Bitcoin

Earlier this week, Michael Saylor introduced that MicroStrategy had made one other massive Bitcoin buy, paying 11,931 BTC for roughly $786 million. The corporate now holds 226,331 Bitcoin, with a complete worth of $8.33 billion.

This BTC was acquired at a median value of $65,883 per coin, making MicroStrategy at present the highest company cryptocurrency holder by a large margin.

The huge Bitcoin buy was made attainable due to the corporate's current $800 million debt elevate through convertible notes it bought to traders. The preliminary purpose was to boost $500 million to purchase extra BTC and use the remaining funds for operational bills.

Nonetheless, the purpose has since been expanded from $500 million to $800 million.

This text was initially revealed on U.At present