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

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