Michael Saylor Dumps $217M into Bitcoin Like He’s Buying Candy

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Oh, Michael Saylor is at it again! The man behind the biggest Bitcoin stash on Earth just decided to add more to his hoard. We’re talking about $217.4 million worth of Bitcoin, or around 1,955 BTC, between September 2nd and 7th. No big deal, right?

According to a filing with the SEC (yes, they *really* are watching), this little shopping spree happened at an average price of $111,196 per coin. That’s a bargain if you can ignore the fact it briefly hit $113,000 last Friday before crashing back down to around $110,000. You know, typical crypto drama. 🙄

After his latest splurge, Saylor’s company (you know, Strategy) now owns a whopping 638,460 Bitcoin. That’s right, SIX HUNDRED THIRTY-EIGHT THOUSAND. That’s $47.2 billion worth of BTC. I mean, who needs a yacht when you can just *buy* the ocean? 🤷‍♀️

In case you were wondering, this wasn’t Saylor’s first Bitcoin shopping spree this year. Oh no. He’s been loading up like a Black Friday shopper on steroids, grabbing a paltry 7,714 BTC in August, which pales in comparison to the mind-boggling 31,466 BTC he snagged in July. Typical Saylor move: go big or go home. 💸

Michael Saylor buying Bitcoin

And if you’re wondering where this new Bitcoin stash came from-don’t worry, it wasn’t from some magic crypto fairy. Strategy raised the cash through a few equity offerings, including their Series A Perpetual Strife Preferred Stock (STRF), Series A Perpetual Strike Preferred Stock (STRK), and, of course, their trusty old Common A stock MSTR. Because why not just keep throwing around fancy names for things that make you richer? 🤦‍♂️

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2025-09-08 15:07