Connect with us

Hi, what are you looking for?

Bitcoin

Michael Saylor”s Two Major Bitcoin Announcements This Week

Michael Saylor revealed a $1.44 billion dollar reserve fund and a new Bitcoin purchase of 130 BTC

In a week marked by significant developments, Michael Saylor, the founder of MicroStrategy, made two noteworthy announcements regarding the company”s ongoing strategy with Bitcoin (BTC). This comes as MicroStrategy continues to bolster its cryptocurrency holdings, demonstrating its commitment to the digital asset market.

First, Saylor disclosed that MicroStrategy had acquired 130 BTC for approximately $11.7 million, translating to an average price of $89,960 per Bitcoin. This latest purchase is part of the company”s regular acquisition strategy initiated in 2020, which has seen MicroStrategy amass a substantial Bitcoin reserve. As of November 30, 2025, the company holds a total of 650,000 BTC, with an aggregate purchase cost of approximately $48.38 billion, averaging $74,436 per Bitcoin.

In a separate but related announcement, MicroStrategy established a dollar reserve fund amounting to $1.44 billion aimed at ensuring the company”s financial stability. This reserve will serve to cover at least 12 months of dividend payments and is funded by proceeds from the recent sale of Class A common stock under its market offering program. Saylor emphasized that this cash reserve acts as a safeguard against potential market volatility, creating a buffer that is independent of their Bitcoin holdings.

Saylor”s remarks suggest that this move is a response to concerns about the company”s financial reliance on Bitcoin, aiming to fortify its position in uncertain market conditions. The establishment of a dollar reserve alongside consistent Bitcoin acquisitions reflects a strategic approach to managing risk while continuing to capitalize on the potential of cryptocurrency.

For investors and market observers, these announcements underscore MicroStrategy”s dual approach: aggressively expanding its Bitcoin portfolio while also building a safety net to navigate the complexities of the financial landscape.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.