MicroStrategy buys more Bitcoin, Michael Saylor demonstrates the spirit of a HODLer, has made over 60 million dollars

Bitcoin evangelist Michael Saylor tweeted last night that MicroStrategy has once again purchased 12,333 bitcoins, bringing their total holdings to a whopping 152,333 bitcoins, with an average cost of $29,668. Based on the current bitcoin market price of $30,120, their unrealized gains/losses amount to $68.85 million.

Michael Saylor Demonstrates Bitcoin HODLer Spirit

MicroStrategy founder Michael Saylor is a well-known Bitcoin evangelist and HODLer. Previously, there was a report on a speech he gave in 2012 where he expressed bullish sentiments on Apple, calling those who sold the stock idiots! Calculating based on Apple's price at that time and its subsequent splits, those who held on would have made nearly 250 times their investment.

Saylor's HODLer spirit is also reflected in his commitment to Bitcoin. As Bitcoin holds above the $30,000 mark, MicroStrategy, a software company affected by Bitcoin, has finally managed to break free from the trap it fell into after Bitcoin's decline from the 2021 peak through continuous averaging efforts. Based on the current Bitcoin market price of $30,120, their unrealized gains amount to $68.85 million.

Recently, institutional investors have also shown great interest in MicroStrategy's stock. Fidelity Management, for example, significantly increased its holdings by purchasing over 640,000 shares of MicroStrategy stock this month, becoming the third-largest institutional shareholder.