Michael Saylor and His Bitcoin Adventure

So, picture this: Michael Saylor, the guy behind the tech company MicroStrategy, has become a bit of a Bitcoin superstar. You know, his company has turned into a full-blown BTC treasury powerhouse, scooping up hefty amounts of Bitcoin over the years. We’re talking about tens of billions of dollars in Bitcoin here! But here’s the twist—everyone’s buzzing about what would happen if Bitcoin’s price decides to take a tumble down to the average price that Saylor’s company paid. Cue the drama!

Bitcoin Buying Frenzy

For the past four years, Saylor and his crew have been on a Bitcoin buying spree, ever since he planted the seed of this brilliant idea back in 2020. They’ve been buying Bitcoin at different times like kids in a candy store, which means their average purchase price is all over the place. So, how much Bitcoin are we talking about? Well, according to recent scoop, Strategy (yep, the new name for MicroStrategy) is sitting on a whopping 641,205 BTC!

A Fresh Purchase and the Math Behind It

They recently snagged 397 BTC on November 3rd, and guess what? They paid an eye-watering average of $114,771 for each Bitcoin. That little shopping spree burned roughly $45.6 million! Now, thanks to this latest purchase, their average price per Bitcoin hangs around $74,057. Not too shabby, right?

In the Green and Loving It

Alright, so here’s the kicker. Their total Bitcoin stash of 641,205 BTC set them back about $47.49 billion, but due to the Bitcoin rollercoaster ride, they’re riding high with over $18 billion in profits! Can you say cha-ching? Right now, those Bitcoins are strutting around valued at about $64.91 billion, raking in a cool 36.61% profit. Talk about a smart investment!

The Question on Everyone’s Mind

Now, people are getting all nervous with the Bitcoin price dipping below $100,000 this week, asking what happens if it nosedives to Strategy’s average price. Is Saylor’s treasure trove going to get liquidated? Spoiler alert: Not quite!

No Liquidation Drama Here!

Some folks on X (that’s Twitter now, in case you’re not catching up) have been throwing around wild theories that a price drop means full liquidation. Yeah, about that—it’s not happening. Saylor’s company owns those Bitcoins, and as long as they hold on tight, there’s no risk of liquidation just because the price goes below their average buy price. If the price were to fall below $74,000, they’d just take a hit on the value—no panic necessary!

What’s the Plan?

But wait, Saylor isn’t looking to cash out anytime soon. He reassured everyone before that the company has zero plans to part ways with their beloved Bitcoin stash. Despite rumors swirling that they might start selling, Saylor’s all about the buying game, inspiring other Bitcoin treasury companies to follow suit. So, relax folks, Saylor’s Bitcoin empire isn’t going anywhere just yet!