Bitcoin Surges to $52,000, MicroStrategy’s Bitcoin Holdings Approaching $10 Billion
With the price of Bitcoin approaching $53,000, MicroStrategy’s long-term holdings of 190,000 Bitcoins are also close to surpassing $10 billion in value.
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From Zero to $10 Billion: The Evolution of MicroStrategy’s Bitcoin Holdings
Milestones of 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. The board of directors unanimously agreed to make Bitcoin its primary reserve asset on September 11 of the same year.
Since then, MicroStrategy has made multiple significant accumulations, boldly buying even when the price fell below their 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, the value of MicroStrategy’s Bitcoin holdings is also close to surpassing $10 billion.
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MicroStrategy further increases its Bitcoin holdings, owning 190,000 BTC with unrealized profits of up to $2.26 billion.
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MicroStrategy Holdings and Stock Price Trend
Milestones of MicroStrategy’s Bitcoin Investment
Initial Purchase (August 2020)
MicroStrategy made its first entry into Bitcoin on August 11, purchasing 21,454 Bitcoins, marking the beginning of its Bitcoin investment journey.
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A Nasdaq-listed company announces the purchase of 21,454 Bitcoins worth $250 million to hedge against inflation.
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Significant Accumulation (2021)
In 2021, MicroStrategy made multiple significant accumulations of Bitcoin, increasing its Bitcoin holdings to 122,478 Bitcoins. It was a year where the average cost of MicroStrategy’s holdings continued to rise.
During the subsequent bear market, MicroStrategy reduced its investments, spending less and taking longer intervals between purchases. Fortunately, MicroStrategy never exited during Bitcoin’s low points and has held firm until now.
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Buying from a bull market to a bear market, MicroStrategy buys Bitcoin again after nearly three months, with floating losses reaching $1.5 billion.
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Bitcoin Collateralization (July 2023)
MicroStrategy began raising additional funds through collateralization and tax planning. Eventually, due to the collapse of lender Silvergate, they repaid the loan at a 22% discount and further increased their Bitcoin holdings.
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Is MicroStrategy’s tax evasion case about to go to court? Did Michael Saylor’s Bitcoin selling really help the company save on taxes?
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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 approaching the $10 billion mark, but he pointed out that the recent rise of Bitcoin represents the digital transformation of capital. Funds are flowing into the digital economy at an increasingly rapid pace, and 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 to Buy Bitcoin
MicroStrategy Founder Michael Saylor Begins Daily Stock Sale Plan to Buy Bitcoin
