MicroStrategy’s stock increased by 1,218% over the past five years.
The company now holds $15 billion worth of Bitcoin, transitioning from a cash reserve strategy.
Industry experts foresee Bitcoin becoming a standard in corporate treasuries.
MicroStrategy’s move from cash to Bitcoin has resulted in a remarkable 1,218% increase in its stock price over the past five years. The company now holds over $15 billion in Bitcoin, leading to discussions about the future of corporate treasuries and the role of decentralized assets.
As of October 7, 2024, MicroStrategy’s stock price hit an all-time high of $199.9, marking an impressive 1,200%+ growth since the company adopted its Bitcoin strategy. This shift saw the company move from holding $500 million in cash reserves to accumulating 252,220 BTC, now valued at over $15 billion.
Led by Chairman Michael Saylor, MicroStrategy has consistently used a dollar-cost averaging (DCA) strategy for its Bitcoin purchases, with an average buy-in price of $39,464.75 per Bitcoin.
With Bitcoin’s current market price around $62,324.37, the company’s total Bitcoin portfolio has appreciated by 58.25%, translating into appro…
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