{"id":335601,"date":"2022-07-05T13:15:16","date_gmt":"2022-07-05T17:15:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=335601"},"modified":"2022-07-05T13:15:16","modified_gmt":"2022-07-05T17:15:16","slug":"does-michael-saylor-regret-buying-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/does-michael-saylor-regret-buying-bitcoin","title":{"rendered":"Does Michael Saylor Regret Buying Bitcoin?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">MicroStrategy, a business intelligence company, owns the most number of Bitcoin of any entity in the world. CEO Michael Saylor may be feeling some regret right now after his holdings have lost billions in valuation after the cryptocurrency crash.\u00a0<\/span><\/p>\n<h2><b>Michael Saylor BTC Holdings\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">MicroStrategy\u00a0began to <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">buy Bitcoin<\/a> in 2020, adding it to the company balance sheet. Currently, MicroStrategy holds approximately 129,699 BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Michael Saylor may be sweating right now after the cryptocurrency crash of mid 2022 &#8211; the bear market has been dubbed &#8216;crypto winter&#8217; in media. Microstrategy&#8217;s BTC holdings are valued at approximately $3.4 billion less in the 2nd quarter of 2022 than in the first. The drop in BTC has also created a downward spiral in the MicroStrategy stock.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company\u2019s stock tumbled 66% in the 2nd quarter. This is higher than BTC\u2019s 59% loss at the end of Q2. By the end of Q1, the company\u2019s holdings were worth $5.9 billion. However, as the price of Bitcoin reached the $18,900 mark by the end of June &#8211; the company\u2019s BTC was worth only $2.45 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This equates to a 58% decrease Quarter-on-Quarter (QoQ). Since MicroStrategy began holding Bitcoin, their average price per Bitcoin is worth approximately $30,700. Therefore, the total BTC holdings of the company are down 39%. However, the company has no plans to sell its BTC holdings.<\/span><\/p>\n<h2><b>MicroStrategy Buys More Bitcoin<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While many institutional investors have become wary of Bitcoin in the past few months, MicroStrategy is buying even more assets. On June 29th, Michael Saylor announced a new purchase made by his company.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Taking to <\/span><a href=\"https:\/\/twitter.com\/saylor\/status\/1542117682207678465\"><span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\">, the MicroStrategy CEO stated that the company purchased an additional 480 bitcoins at an average of $20,817 per token. The total investment rounds up to $10 million. The company is in BTC for the long haul, with no plans to sell any BTC holdings in the coming months.\u00a0<\/span><\/p>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">MicroStrategy, a business intelligence company, owns the most number of Bitcoin of any entity in the world. CEO Michael Saylor may be feeling some regret <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/does-michael-saylor-regret-buying-bitcoin\" title=\"Does Michael Saylor Regret Buying Bitcoin?\">[&#8230;]<\/a><\/div>","protected":false},"author":1828,"featured_media":335603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-335601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does Michael Saylor Regret Buying Bitcoin? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"MicroStrategy, a business intelligence company, owns the most number of Bitcoin of any entity in the world. CEO Michael Saylor may be feeling some regret\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does Michael Saylor Regret Buying Bitcoin?\" \/>\n<meta property=\"og:description\" content=\"%%excerpt%%\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-05T17:15:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/microstrategy-buys-bitcoin.png\" \/>\n\t<meta property=\"og:image:width\" content=\"716\" \/>\n\t<meta property=\"og:image:height\" content=\"685\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"James Spillane\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Spillane\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601\"},\"author\":{\"name\":\"James Spillane\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/ea64cba75a9202c97abf79ff11e8951e\"},\"headline\":\"Does Michael Saylor Regret Buying Bitcoin?\",\"datePublished\":\"2022-07-05T17:15:16+00:00\",\"dateModified\":\"2022-07-05T17:15:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601\"},\"wordCount\":310,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/microstrategy-buys-bitcoin.png\",\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601\",\"name\":\"Does Michael Saylor Regret Buying Bitcoin? - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/335601#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/microstrategy-buys-bitcoin.png\",\"datePublished\":\"2022-07-05T17:15:16+00:00\",\"dateModified\":\"2022-07-05T17:15:16+00:00\",\"description\":\"MicroStrategy, a business intelligence company, owns the most number of Bitcoin of any entity in the world. 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