Thanks to its founder Mike Saylor's aggressive currency hoarding strategy, from 2020 to 2024, as of March 12, MicroStrategy has hoarded 205,000 BTC, with an average cost of 33,706 BTC, or 72k BTC. Calculated, the floating profit exceeds 7.8 billion U.S. dollars.
JinseFinanceMicroStrategy’s Bitcoin holdings have surpassed $11 billion and its shares are likely to rise on increased institutional Bitcoin demand and the cryptocurrency’s halving, Benchmark said.
JinseFinanceExplore the possible consequences and impact of an incorrect prediction by one of Bitcoin's most fervent advocates.
JinseFinanceSince the end of September 2023, MicroStrategy has acquired large amounts of BTC while taking advantage of market fluctuations, keeping the average acquisition price below BTC’s current price.
JinseFinanceTD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
JinseFinanceMicroStrategy's Michael Saylor strategically sold shares ahead of the Bitcoin ETF launch, following a pre-existing plan. This surprising move, the first in 12 years, added $20 million to his portfolio. Concerns over stock decline and ETF impact arise as the company, known for its substantial Bitcoin holdings, faces the evolving cryptocurrency market surge.
BerniceMicroStrategy capitalizes on Bitcoin's surge, earning $600 million in a day and nearing a $1 billion gain in 2024. Despite MicroStrategy's stock facing challenges, CEO Michael Saylor sees Bitcoin as the empowering force behind the company's success, emphasizing its outperformance relative to traditional assets. Closing Remark: MicroStrategy's reliance on Bitcoin, while financially beneficial, raises concerns about the volatility impact on its stock performance, highlighting the delicate balance between digital and traditional assets.
SanyaMicrostrategy's aggressive Bitcoin investments and innovative Lightning Rewards program underscore its strong belief in cryptocurrency as a key corporate asset.
BrianSaylor previously stated that the move would allow him to meet his “personal obligations” and, of course, purchase more Bitcoin.
JinseFinanceThe soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin."
Cointelegraph