Michael Saylor Wants You to Ask Him How to Buy More Bitcoin

In a recent social media post, the business mogul made it clear that he would want you to ask him about buying even more Bitcoin.

MicroStrategy CEO Michael Saylor has revealed what he would like people to ask him if they were to meet him in an elevator.

In a recent social media post, the business mogul shared that he would want people to ask him about buying even more Bitcoin.

“If you ever get stuck in an elevator with me, please ask me how we can buy more #bitcoin,” Saylor wrote.

The post comes after MicroStrategy announced its latest Bitcoin purchase of over $458 million, as reported by U.Today. The company's total holdings now amount to over a quarter million coins.

In total, MicroStrategy has now spent nearly $10 billion on Bitcoin purchases. The company uses the proceeds from its debt offerings to buy more Bitcoin. Specifically, the company issues bonds that can be converted into stock at a later date. Alternatively, bondholders can opt for cash.

Prior to the recent purchase, the business intelligence firm managed to raise over $1 billion via its offering of secured notes.

RelatedBitcoin MicroStrategy Stock Surges After Announcin Latest BTC Purchase of $458 Million: Key Takeaways In June, there was some speculation about MicroStrategy potentially facing margin calls due to the price of Bitcoin dropping to the $20,000 level. However, this was not the to be the case.

Even though Bitcoin reached a new record high earlier this year, there are still some concerns about the company's massive Bitcoin holdings.

It is important to note that MicroStrategy's debt is not linked to Bitcoin as collateral, which means that the company will not face margin calls. However, there is still a risk of the company eventually failing to meet its debt obligations if the cryptocurrency experiences a large-scale correction.

At the time of writing, Bitcoin is trading close to the $64,000 level, according to CoinGecko.