U.Today – Michael Saylor, a vocal evangelist who co-founded business intelligence giant MicroStrategy and moved from being its CEO to becoming its executive chairman, has posted a new tweet that has the BTC community intrigued.
Recently, Saylor's company MicroStrategy made another massive Bitcoin acquisition, while the price of BTC sank again.
Michael Saylor hints at new MicroStrategy logo?
Renowned entrepreneur and Bitcoiner Saylor posted an image showing a furry cartoon-like creature eating coins with the Bitcoin sign. “New logo?” Saylor tweeted with that image.
This tweet sparked a heated discussion in the comments, where some continues to make large BTC acquisitions. .
MicroStrategy acquires more Bitcoin
Earlier this week, Michael Saylor announced another Bitcoin purchase when MicroStrategy bought another large batch of BTC: 11,931 BTC, paying approximately $786 million for it. Now, the company owns a staggering 226,331 Bitcoin worth a total of $8.33 billion.
This BTC was acquired at an average price of $65,883 per coin. MicroStrategy is now the largest holder of corporate cryptocurrencies by a wide margin.
This mega Bitcoin purchase was made possible by the company recently raising $800 million in debt using convertible senior notes sold to investors. The initial goal was to raise $500 million to purchase more BTC and use the rest of the funds for operating expenses.
However, later, the target was expanded from $500 million to $800 million.
This article was originally published on U.Today.
