#MicroStrategy has reached a significant milestone, with its Bitcoin holdings surpassing $20 billion and achieving an impressive return on investment of over 100%.
With 252,200 #Bitcoin valued at approximately $80,740 each, the company's investment strategy has proven to be highly successful. MicroStrategy, led by CEO Michael Saylor, has made 42 purchases of Bitcoin, averaging a cost of $39,292 per coin. This positions them as the largest corporate Bitcoin holder, far ahead of competitors like Marathon Digital and Riot Platforms.
Looking ahead, MicroStrategy plans to raise $42 billion over the next three years through its “21/21” initiative, aimed at acquiring even more Bitcoin. This bold move reflects a growing trend among corporations to diversify their balance sheets with digital assets.
MicroStrategy's journey into Bitcoin began in August 2020, when it made its first purchase of 21,454 Bitcoins for $250 million. This strategic decision has not only impacted the company's stock performance but has also attracted attention from investors interested in the cryptocurrency space. $BTC #BTC