As a seasoned crypto investor with over a decade of experience under my belt, I can confidently say that MicroStrategy’s strategic Bitcoin acquisition strategy has been nothing short of inspiring. Having witnessed the tumultuous journey of cryptocurrencies, I’ve learned to respect those who dare to venture into uncharted territories and reap the rewards.
Michael Saylor, who is both a co-founder and present chairperson of MicroStrategy, recently declared their latest significant Bitcoin acquisition.
Through its possession, the colossal company specializing in business intelligence software has seen a tremendous increase in its Bitcoin holdings, now amounting to approximately 244,800 Bitcoins. This substantial sum currently translates to over $14 billion in value based on present market prices.
MicroStrategy has purchased 18,300 Bitcoins for approximately $1.11 billion, with each Bitcoin costing around $60,408. This move yielded a quarter-to-date (QTD) return of 4.4% and a year-to-date (YTD) return of 17.0%. As of September 12, 2024, we hold a total of 244,800 Bitcoins, which were bought for approximately $9.45 billion, with each Bitcoin costing around $38,585. The ticker symbol for this company is MSTR.
— Michael Saylor (@saylor) September 13, 2024
As an analyst, I recently disclosed that I’ve invested approximately $1.1 billion in purchasing 18,300 Bitcoins, which translates to an average cost of around $60,408 for each Bitcoin acquired.
Based on information available up until September 12th, the company currently owns approximately 244,800 Bitcoins that it purchased for a total of about $9.45 billion. This equates to an estimated potential profit of roughly $5 billion, as its average cost per Bitcoin is around $38,585.
Keep in mind, MicroStrategy initiated its Bitcoin buying plan approximately four years ago, specifically in August 2020. Since then, the company has consistently made new investments in BTC, showing no signs of slowing down.
Previously serving as the CEO, Saylor has declared his intention to continuously invest in Bitcoin. He is now widely recognized as a vocal proponent of Bitcoin, forecasting potential high values for this digital asset, reaching as much as 13 million dollars per unit.
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2024-09-13 15:28