MicroStrategy's Bitcoin reserve reached a record value of $20.54 billion as Bitcoin surged above $80,000, yielding over 104% profit for the company.
The strong rise of Bitcoin above $80,000 has pushed the value of MicroStrategy's massive Bitcoin reserve to a new record. With 252,200 Bitcoin, this business software company now holds a digital asset worth $20.54 billion, yielding over 104% profit compared to the total investment.
This success further reinforces CEO Michael Saylor's bold Bitcoin investment strategy, who has continuously championed this leading cryptocurrency as a long-term reserve asset.
Source: Michael Saylor MicroStrategy's Bitcoin Strategy and the Ripple Effect
According to data from Bitcoin Treasuries, MicroStrategy has accumulated Bitcoin through 42 separate purchases at an average price of $39,292/Bitcoin. This figure demonstrates Saylor's foresight when investing in Bitcoin during a relatively low price phase. Currently, MicroStrategy remains the largest corporate holder of Bitcoin, far exceeding Bitcoin mining companies such as Marathon Digital ($2.1 billion) and Riot Platforms ($840 million).
Not stopping there, MicroStrategy has ambitious plans to raise $42 billion over the next 3 years to continue buying Bitcoin under the '21/21' plan, which includes $21 billion from equity and $21 billion from fixed-income securities.
This price surge has also positively impacted other major Bitcoin holders. According to Arkham Intelligence, Bhutan's Bitcoin reserve has surpassed $1 billion, equivalent to 32% of the country's GDP (according to IMF, October 2024). Bhutan has quietly built a large-scale Bitcoin mining facility and seems to be using Bitcoin as part of its national monetary reserve strategy.
El Salvador, the Central American country pioneering the acceptance of Bitcoin as legal tender, is also reaping the rewards of its investment strategy. With 5,930 Bitcoin currently valued at over $482 million, El Salvador has achieved an 80% profit, equivalent to nearly $214 million in unrealized gains. El Salvador's Bitcoin journey has not always been smooth. The country started investing in Bitcoin two months before the market peaked in 2021 and later faced significant criticism as Bitcoin's price plummeted in 2022.
However, under the leadership of President Nayib Bukele, El Salvador remains steadfast in its dollar-cost averaging strategy by buying 1 Bitcoin each day, while also accumulating more Bitcoin through the passport issuance program and revenue from the Bitcoin mining project powered by volcanic energy.
