- MicroStrategy has accumulated over 190,000 BTC worth over $9.4 billion, representing over 1% of Bitcoin’s total supply, under CEO Michael Saylor’s leadership.
- In Q3 2022 alone, MicroStrategy purchased over 31,000 BTC worth more than $1.25 billion, continuing its strategy of aggressively acquiring Bitcoin.
- MicroStrategy’s Bitcoin holdings have generated immense returns, with the company’s position now valued at an unrealized profit of over $3.5 billion as Bitcoin approaches $50,000 in 2024.
MicroStrategy‘s sizable investment in Bitcoin has generated immense returns, with the company’s holdings now valued at over $3.5 billion in unrealized profit. CEO Michael Saylor‘s conviction in Bitcoin’s potential continues to be handsomely rewarded.
MicroStrategy’s Accumulation of Bitcoin
Over the past four years, MicroStrategy has aggressively acquired Bitcoin, now holding over 190,000 BTC worth over $9.4 billion. This represents over 1% of Bitcoin’s total circulating supply. Saylor has been one of the most vocal proponents of Bitcoin’s future.
Recent Bitcoin Purchases
In Q3 2022 alone, MicroStrategy purchased over 31,000 BTC worth more than $1.25 billion. Just last week, the company highlighted its holdings of 190,000 BTC in its Q4 earnings report. Since making its first Bitcoin purchase in 2020, the company has continuously grown its position.
The Year of Bitcoin
2024 is shaping up to be a monumental year for Bitcoin, with the asset on the verge of surpassing $50,000 for the first time in two years. The arrival of spot Bitcoin ETFs has fueled institutional investment. Many experts predict Bitcoin will continue notching new highs throughout 2024.
Conclusion
MicroStrategy’s conviction in Bitcoin, spearheaded by Michael Saylor, has resulted in an unrealized profit of $3.5 billion and growing. The company shows no signs of slowing its accumulation of what it views as the digital gold of the future.
