MicroStrategy's Bitcoin profit was 100 percent: What about the shares?
The MicroStrategy company, which persistently continues to buy Bitcoin started to get the return of its investments. The profit of the company, which has been buying Bitcoin regularly since 2020 and still does not sell, has reached 100%. The opening of the company's shares, whose market value has increased significantly in the recent period is also eagerly awaited today.
MicroStrategy, which he founded Michael Saylor has now turned into a Bitcoin company, has managed to pay off for its persistent investments for more than 4 years. So far, the profit rate of the company, which has been buying continuously with the dollar cost average tactic and increased the number of BTC to over 250 thousand, has also exceeded 100%.
Recently, the value of BTC in the hands of the company, which is one of the largest options for indirect investment in Bitcoin,has exceeded 20 billion dollars. The company spent a total of 9 billion dollars on Bitcoin purchases.
The company, which started its acquisitions in August 2020, has received Bitcoin 42 times so far. The purchase average of the company was 39 thousand 292 dollars. MicroStrategy, which currently has 20 billion dollars of BTC, is followed by Marathon Digital with 2.1 billion dollars and RIOT with 840 million dollars. Both companies are mining Bitcoin. Marathon Digital also recognized Bitcoin as a reserve asset in recent months.
Saylor, who shared the graph below yesterday, also gave the message that he wanted to make more purchases by saying "New ones should be added to the green dots".
Saylor states that Bitcoin should be kept for at least 4 years, 10 years and above in the medium term, and as "it should be" forever.
MicroStrategy shares have increased by 290% since the beginning of the year, and 440% in the last 1 year.
With Bitcoin, which exceeds 80 thousand dollars, MSTR shares are expected to open with increases today. It is also known that many institutions and companies that have been hesitant to buy Bitcoin directly recently bought MSTR shares.