Purchased an additional 1.5 billion USD in Bitcoin in one week
MicroStrategy, a software company known for its Bitcoin investment strategy, recently announced the purchase of an additional 15,400 BTC between November 25 and December 1. This Bitcoin was acquired at an average price of 95,976 USD/BTC, bringing MicroStrategy's total holdings to a massive 402,100 BTC, worth 39 billion USD at current prices (97,000 USD/BTC).
MicroStrategy's long-term strategy
Since 2020, MicroStrategy has repositioned itself as a “Bitcoin development company” thanks to the vision of Michael Saylor, co-founder and executive chairman. He views #bitcoin☀️ as the optimal store of value, with superior potential compared to other investments.
Saylor's famous quote, “Whoever owns the most $BTC will win,” has become a guiding principle for the company, helping MicroStrategy's stock rise from below 15 USD to the current level of 389 USD. This is an all-time high, allowing the company to significantly outperform many businesses in the S&P 500.
Plan to continue expanding
MicroStrategy announced that it is raising an additional 42 billion USD to purchase Bitcoin, while continuing to leverage other funding sources to increase its holdings. This not only solidifies their position as one of the largest holders of Bitcoin but also demonstrates that this strategy yields significant profits for shareholders.
Vision and influence
With a total of 400,000 BTC, MicroStrategy has established its position as the second-largest Bitcoin holder in the world, surpassed only by MicroStrategy Founder Michael Saylor and MicroStrategy Treasuries with nearly 37 billion USD. This bold strategy not only helps #microstrategy stand out in the technology sector but also shapes how businesses invest in cryptocurrency.