Bitcoin

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<p lang="en-GB" xml:lang="en-GB">Michael Saylor, a vocal Bitcoin evangelist who cofounded business intelligence behemoth <a href="https://u.today/microstrategy-announces-big-new-debt-offering-to-increase-its-bitcoin-btc-bet" rel="noopener noreferrer nofollow">MicroStrategy</a> and has stepped down from being its CEO to be its executive chairman, has published a new tweet that has the BTC community intrigued.</p>
<p lang="en-GB" xml:lang="en-GB">Recently, Saylor’s company, MicroStrategy, conducted yet another massive Bitcoin acquisition, while the BTC price took another dive.</p>
<h2 id="michael-saylor-hints-at-microstrategy-s-new-logo">Michael Saylor hints at MicroStrategy's new logo?</h2>
<p lang="en-GB" xml:lang="en-GB">Renowned entrepreneur and Bitcoiner Saylor published an image that depicts a furry cartoon-like creature that is eating coins with the Bitcoin sign on them. “New logo?” Saylor tweeted with that image.</p>
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 <p lang="en" dir="ltr">New Logo? <a href="https://t.co/oWcZFkCxK4" rel="noopener noreferrer nofollow">pic.twitter.com/oWcZFkCxK4</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1804135251058278665?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2024</a>
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<p lang="en-GB" xml:lang="en-GB">This tweet brought on a heated discussion in the comments, where some X users began to ask if this is a “new logo” for MicroStrategy since the creature in this image is eating Bitcoin - similarly to Saylor’s company, which continues to make large BTC acquisitions.</p>
<h2 id="microstrategy-acquires-more-bitcoin">MicroStrategy acquires more Bitcoin</h2>
<p lang="en-GB" xml:lang="en-GB">Earlier this week, Michael Saylor announced yet another Bitcoin purchase as MicroStrategy bought another large BTC lump – <a href="https://u.today/microstrategys-enormous-bitcoin-purchase-announced-by-michael-saylor-details" rel="noopener noreferrer nofollow">11,931 BTC, paying approximately $786 million</a> for it. Now, the company holds a staggering 226,331 Bitcoin worth $8.33 billion in total.</p>
<p lang="en-GB" xml:lang="en-GB">This BTC was acquired at an average price of $65,883 per coin. MicroStrategy is now the leading corporate cryptocurrency holder by a large margin.</p>
<p lang="en-GB" xml:lang="en-GB">This mega Bitcoin purchase was possible thanks to the company recently raising $800 million in debt using convertible senior notes sold to investors. The initial goal was to raise $500 million to buy more BTC and to use the rest of the funds for operational expenses.</p>
<p lang="en-GB" xml:lang="en-GB">However, later, the goal was expanded from $500 million to $800 million.</p>

Intriguing Bitcoin (BTC) Tweet Published by Michael Saylor, Community Abuzz

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