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

Michael Saylor, a vocal Bitcoin evangelist who cofounded business intelligence behemoth MicroStrategy and has stepped down from being its CEO to be its executive chairman, has published a new tweet that has the $BTC community intrigued.

Recently, Saylor’s company, MicroStrategy, conducted yet another massive Bitcoin acquisition, while the $BTC price took another dive.

Michael Saylor hints at MicroStrategy's new logo?

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.

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.

MicroStrategy acquires more Bitcoin

Earlier this week, Michael Saylor announced yet another Bitcoin purchase as MicroStrategy bought another large $BTC lump – 11,931 $BTC, paying approximately $786 million for it. Now, the company holds a staggering 226,331 Bitcoin worth $8.33 billion in total.

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.

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.

However, later, the goal was expanded from $500 million to $800 million.