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The post <a href="https://coinpedia.org/news/microstrategy-adds-169-bitcoin-worth-11-4m-in-july-2024-report/">MicroStrategy adds 169 Bitcoin worth $11.4M in July 2024: Report</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
On August 2, 2024 <a href="https://app.coinpedia.org/saylor" target="_blank" class="profile-details">michael saylor</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/saylor" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1648816240033zhf2edw6ld.png" class="user_profile_img" alt="user_profile_img" title="user_profile_img"> michael saylor Micheal J Saylor is the greatest visionary in the Information Systems industry. An enthusiastic blockchain influencer and a splendid leader. He believes that prudent institutional investors should only consider trusting a crypto-asset network after it has operated reliably for at least ten years without a hard fork. &nbsp; He is an American entrepreneur and business executive,&nbsp; who co-founded &nbsp;Microstrategy, a company that provides business intelligence, mobile software, and cloud-based services, under his leadership Microstrategy has grown at a tremendous rate and made a mark in the BI industry, and he is chairman and CEO of the same Microstrategy. &nbsp;He is a vocal advocate of bitcoin. He is highly skilled in enterprise software, and also has a rich knowledge of numerous fields including analytics, data warehouse, leadership, SaaS, management, cloud computing, startups, professional services, enterprise architecture, mobile devices, and many more. &nbsp; In 1983, he matriculated at the Massachusetts Institute of Technology (MIT) on an air force ROTC scholarship. And then, he joined the Theta delta chi fraternity, through which he met the future co-founder of Microstrategy, Sanju K Bansal. He graduated from MIT in 1987 with a double major in aeronautics, science, technology, and society. He is volunteering at Saylor Academy as a Trustee, which provides free college education to all students worldwide. &nbsp; The way he expertizes himself in Bitcoin, people started calling him the Bitcoin bull, he is the most optimistic person when it comes to Bitcoin. He expects the entrepreneur to keep buying Bitcoin every time it dips. The bitcoin community has begun to rise to the fact that his company might own too much bitcoin. Owning too large a portion of bitcoin could be harmful to the cryptocurrency’s decentralized culture that Bitcoin has so rigorously built over the years. He is still expected to be a principal BTC champion throughout the year. Instructing businesses about Bitcoin potentially through his powerful podcasts and learning courses. &nbsp; msaylor@microstrategy.com EntrepreneurCrypto and Blockchain ExpertAuthor <a href="https://www.facebook.com/michaeljsaylor/" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2023/01/27173941/facebook-1.png" alt="facebook icon" title="facebook icon"></a> <a href="https://www.linkedin.com/in/mjsaylor" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/li.svg" alt="linked icon" title="linked icon"></a> <a href="https://twitter.com/saylor?lang=en" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190602/tw.svg" alt="twitter icon" title="twitter icon"></a> the founder and chairman of <a href="https://app.coinpedia.org/company/microstrategy" target="_blank" class="profile-details">microstrategy</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/company/microstrategy" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <a href="http://www.microstrategy.com/" target="_blank" rel="nofollow noopener"> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/16585721086295ois1xpkho.png" class="company_logo_img" alt="profile company logo" title="profile company logo"></a> microstrategy Business Intelligence <a href="http://www.microstrategy.com/" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10161442/globe.svg" alt="globe icon" title="globe icon"></a> announced that they have added a 169 Bitcoin (<a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) worth $11.4 million in July 2024. With this decent acquisition, MicroStrategy now holds a massive 226,500 BTC worth $8.3 billion. 
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 In July, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw">@MicroStrategy</a> acquired an additional 169 BTC for $11.4 million and now holds 226,500 BTC. Please join us at 5pm ET as we discuss our Q2 2024 financial results, the outlook for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, and our <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> development strategy. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a><a href="https://t.co/cfGPc42jfM">https://t.co/cfGPc42jfM</a>— Michael Saylor
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1819102944744161537?ref_src=twsrc%5Etfw">August 1, 2024</a>
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<h2 class="wp-block-heading" id="h-microstrategy-bitcoin-holding-nbsp">MicroStrategy Bitcoin holding&nbsp;</h2> 
MicroStrategy is known for its continuous BTC acquisition, which has made the company the largest corporate BTC holder in the world.&nbsp; 
According to the report, the average buying price of this massive BTC is somewhere around $36,821 as of July 31, 2024. However, at the press time, this massive BTC holding is worth $14.65 billion.&nbsp; 
In a report, Andrew Kang, Chief Financial Officer, MicroStrategy, said “In Q2, we successfully raised an additional $800 million through our offering of 2.25% convertible senior notes due 2032 and called for redemption our $650 million convertible senior notes due 2025.”&nbsp; 
<h2 class="wp-block-heading" id="h-ceo-s-optimistic-outlook">CEO’s optimistic outlook</h2> 
Additionally, Kang added that since the beginning of Q2, MicroStrategy has grown its BTC holding by 12,222 Bitcoin. Meanwhile, Phong Le, President and Chief Executive Officer, MicroStrategy, shared optimistic insights highlighting adoption from institutions to politicians.&nbsp; 
“On the adoption front, we are extremely optimistic with the improved understanding of Bitcoin and the increasing support for the ecosystem from bipartisan politicians and institutions on display at the Bitcoin 2024 Conference in Nashville.” Le highlighted in a report. 
On August 1, 2024, along with BTC, MicroStrategy MSTR has experienced a 6.3% downside move.&nbsp; 
<h2 class="wp-block-heading" id="h-btc-price-post-announcement-nbsp">BTC price post-announcement&nbsp;</h2> 
However, BTC seems to be recovering at press time, it is trading near the $64,700 level and has experienced a 2% price jump in the last 1 hour. Whereas, in the last 24 hours BTC is still down by 0.5%. Meanwhile, Ethereum (<a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) also experienced a 1.2% price surge in the last 1 hour and currently trading near the $3,160 level. 
Also Read : <a href="https://coinpedia.org/news/smart-trader-made-15-62-million-in-pepe-and-mog-heres-how/" target="_blank" rel="noreferrer noopener">Smart trader made $15.62 million in PEPE and MOG, Here’s How</a>

MicroStrategy adds 169 Bitcoin worth $11.4M in July 2024: Report

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