BITCOIN

Bitcoin surpasses $52,000; MicroStrategy's Bitcoin holdings approach $10 billion.

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Bitcoin surpasses $52,000; MicroStrategy

As the price of Bitcoin approaches $53,000, MicroStrategy, which has been continuously investing in and holding 190,000 Bitcoins over the past few years, sees its value also nearing $10 billion.

From Zero to 10 Billion: The Evolution of MicroStrategy's Bitcoin Holdings

MicroStrategy first planned to invest in "alternative assets" in August 2020 when the price of Bitcoin was only around $11,653. In September of the same year, the board unanimously agreed to make Bitcoin its primary reserve asset.

Since then, MicroStrategy has added to its holdings multiple times, boldly buying even when the price fell below the average cost. As of the latest data:

  • BTC: Holds a total of 190,000 bitcoins

  • Average cost: approximately $31,224

  • Total cost: approximately $5.93 billion

With the price of Bitcoin nearing $53,000, the value of MicroStrategy's Bitcoin holdings is close to surpassing $10 billion.

MicroStrategy once again increased its Bitcoin holdings, owning 190,000 BTC, with unrealized profits reaching as high as $2.26 billion

MicroStrategy Holdings, Stock Price Trends

Milestones of MicroStrategy's Bitcoin Investments

Initial Purchase (August 2020)

MicroStrategy first entered the Bitcoin market on August 11, purchasing 21,454 bitcoins, marking the beginning of its Bitcoin investment journey.

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Large-scale Additions (2021)

In 2021, MicroStrategy added to its Bitcoin holdings multiple times, expanding its Bitcoin holdings to 122,478 bitcoins, making it a year of continuously raising the average cost for MicroStrategy.

MicroStrategy later scaled back during the bear market, investing less and taking longer breaks between entries. Fortunately, MicroStrategy has never exited at the low points of Bitcoin, holding firm until now.

From bull market to bear market, MicroStrategy waited nearly three months before buying Bitcoin again, with unrealized losses in holdings reaching $1.5 billion

Bitcoin Collateralized (July 2023)

MicroStrategy began to raise additional funds through collateralization and tax planning, and eventually repaid loans with a 22% discount due to the collapse of lender Silvergate, and once again increased its Bitcoin holdings,

MicroStrategy tax evasion case to go to court, did Michael Saylor really save taxes for the company by selling Bitcoin?

MicroStrategy Founder: Digital Transformation of Capital is Happening

Michael Saylor did not mention the fact that the value of MicroStrategy's Bitcoin holdings is approaching $10 billion, but he pointed out that the recent rise in Bitcoin represents the digital transformation of capital, with funds flowing into the digital economy at an increasing rate, and Bitcoin being a digital asset protected and transmitted by digital power.