With the price of Bitcoin approaching $53,000, MicroStrategy’s long-term investment in 190,000 bitcoins is also close to reaching $10 billion in value.
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From Zero to $10 Billion: The Evolution of MicroStrategy’s Bitcoin Holdings
Milestones in MicroStrategy’s Bitcoin Investment
Initial Purchase (August 2020)
Significant Accumulation (2021)
Bitcoin Collateralization (July 2023)
MicroStrategy Founder: Digital Transformation of Capital is Happening
From Zero to $10 Billion: The Evolution of MicroStrategy’s Bitcoin Holdings
MicroStrategy initially planned to invest in “alternative assets” in August 2020 when the price of Bitcoin was only around $11,653. On September 11th of the same year, the board of directors unanimously agreed to make Bitcoin its primary reserve asset.
Since then, MicroStrategy has accumulated more bitcoins multiple times, boldly buying in even when the price fell below its cost. As of now:
BTC: Holds a total of 190,000 bitcoins
Average cost: Approximately $31,224
Total cost: Approximately $5.93 billion
With the price of Bitcoin approaching $53,000, MicroStrategy’s Bitcoin holdings are also close to surpassing $10 billion in value.
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MicroStrategy further increases its holdings of Bitcoin, owning 190,000 BTC, with unrealized profits reaching as high as $2.26 billion
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MicroStrategy’s Holdings and Stock Price Trend
Milestones in MicroStrategy’s Bitcoin Investment
Initial Purchase (August 2020)
MicroStrategy made its first entry into Bitcoin on August 11th, purchasing 21,454 bitcoins, marking the beginning of its Bitcoin investment journey.
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$250 Million All-In! NASDAQ-listed Company Announces Purchase of 21,454 Bitcoins to Fight Inflation
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Significant Accumulation (2021)
In 2021, MicroStrategy made multiple significant purchases of Bitcoin, expanding its Bitcoin holdings to 122,478 bitcoins. This was also the year when MicroStrategy’s average cost continued to rise.
MicroStrategy has reduced its investments during the subsequent bear market, with decreasing investment amounts and longer intervals between purchases. Fortunately, MicroStrategy has always held firm and did not exit Bitcoin at its lowest point, continuing to hold to this day.
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From Bull Market to Bear Market, MicroStrategy Buys Bitcoin Again After Nearly Three Months, Floating Losses Have Reached $1.5 Billion
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Bitcoin Collateralization (July 2023)
MicroStrategy began raising additional funds through collateralization and tax planning. Eventually, it repaid the loan with a 22% discount due to the bankruptcy of the lender Silvergate and further increased its bitcoin holdings.
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MicroStrategy Tax Evasion Case to Begin, Did Michael Saylor Really Help the Company Save Taxes by Selling Bitcoin?
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MicroStrategy Founder: Digital Transformation of Capital is Happening
Michael Saylor did not mention the fact that MicroStrategy’s Bitcoin holdings are nearing $10 billion in value. However, he pointed out that the recent surge in Bitcoin represents the digital transformation of capital, with funds flowing into the digital economy at an increasingly faster pace. Bitcoin is a digital asset protected and transmitted by digital power.
Michael Saylor
MicroStrategy
Bitcoin
Further Reading
Michael Saylor: Demand for Bitcoin Spot ETF is 10 Times the Supply, Will Continue Buying Bitcoin
MicroStrategy Founder Michael Saylor Launches Daily Stock Selling Plan to Buy Bitcoin