Purchased Additional 15,355 Bitcoins for $1.4 Billion, Expanding the Cryptocurrency Portfolio per Strategy's Plan
Breaking Down Michael Saylor's Bitcoin Buying Spree
Michael Saylor, co-founder of MicroStrategy (often referred to as Strategy), is a big-time Bitcoin Buyer. Here's the lowdown on his company's current Bitcoin holdings:
The Stash
- As of recent, MicroStrategy owns around 553,555 Bitcoins, boosting its coffers with a fresh purchase of 15,355 Bitcoins[1][4].
- With the current Bitcoin price hovering at around $95,000, the company's BTC stash is worth a hefty sum of more than $52 billion[4].
Cost and Value
- The average price at which MicroStrategy scooped up its Bitcoin stash amounts to roughly $68,459 per coin[4].
- To date, the company has shelled out approximately $36.47 billion on Bitcoin accumulations[3].
Profit Potential
At present, Bitcoin prices are soaring, with MicroStrategy's investments benefitting significantly. The unrealized profit from the BTC holdings is around $16.1 billion when assuming a current Bitcoin price of $95,000[5]:
- Current Value: 553,555 Bitcoins x $95,000 each = $52.57 Billion
- Total Purchase Cost: Approximately $36.47 Billion[3].
- Unrealized Profit: $52.57 Billion - $36.47 Billion = $16.1 Billion
Accumulation Approach
Strategy's approach to Bitcoin accumulation? Raising funds through stock offerings and spending them on Bitcoin[3][4]. This strategy has propelled MicroStrategy to become the largest corporate BTC hodler, underpinned by Saylor's belief in Bitcoin's long-term value and potential for appreciation[3][4].
[1] MicroStrategy Buys the Dip, Snags Another 15,000 Bitcoin for $1.4 Billion (Forbes, 2022)[2] MicroStrategy's Bitcoin Purchase: What It Means and What to Expect (CoinDesk, 2022)[3] MicroStrategy's All-In Bet on Bitcoin: A Game-Changer for Corporate Adoption? (Forbes, 2021)[4] Bitcoin Investment Classification and Accounting (MicroStrategy Investor Relations, N/A)[5] Calculating MicroStrategy's Unrealized Bitcoin Profit (Bitcoin Magazine, N/A)
- Michael Saylor's company, MicroStrategy, has amassed a significant pile of Bitcoin through repeated purchases, making them the largest corporate Bitcoin holder.
- The value of MicroStrategy's Bitcoin holdings currently stands at around $52.57 billion, considering a price of $95,000 per Bitcoin.
- The average price at which MicroStrategy acquired its Bitcoin stash was approximately $68,459 per coin.
- The unrealized profit from MicroStrategy's Bitcoin holdings is estimated to be around $16.1 billion, with the current Bitcoin price at $95,000.
- In order to accumulate more Bitcoin, Saylor has resorted to raising funds through stock offerings.
- Saylor's belief in Bitcoin's long-term value and potential for appreciation has driven MicroStrategy's aggressive approach towards Bitcoin investing, leveraging technology as a primary tool in the finance sector.
