MicroStrategy, the Business Intelligence company, now has a Bitcoin (BTC) portfolio that exceeds 20 billion dollars. This increase in value of over 104% was made possible with the price of BTC surpassing 80,000$.
MicroStrategy: the company’s BTC wallet increases by 104% and is worth over 20 billion dollars
MicroStrategy, a Business Intelligence company that has implemented the strategy of accumulating Bitcoin (BTC), is recording record gains.
The Founder and Chairman of MicroStrategy, Michael Saylor, a well-known bitcoiner, shared these increases on X, stating that perhaps the company could continue to accumulate new Bitcoin.
I think https://t.co/meaZhpFNq9 needs more green dots. pic.twitter.com/faeNCKAvNQ
— Michael Saylor
(@saylor) November 10, 2024
The terms “bull” and “bear” are often used in financial markets to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is characterized by falling prices.
“I think that http://saylortracker.com needs more green points.”
In practice, MicroStrategy owns 252,220 bitcoin as of September 20, 2024, purchased at an average purchase price of $39,292.18 per bitcoin. The total investment declared by MicroStrategy in Bitcoin would be $9.91 billion.
Here today, with the price of Bitcoin (BTC) having surpassed its ATH – All-Time High or historical maximum above $80,000, the 252,220 BTC of MicroStrategy have increased in value by 104%. As of today, therefore, the Bitcoin portfolio of MicroStrategy exceeds 20 billion dollars.
MicroStrategy and the BTC accumulation strategy: Michael Saylor talks about new purchases
Up to today, MicroStrategy has already made 42 purchases of Bitcoin, spread over four years.
As anticipated, Saylor seems to have thrown the spear in favor of new purchases of Bitcoin (BTC), despite the price now being at its all-time high.
In fact, already by the end of October 2024, MicroStrategy had already revealed its “21/21 plan”, which aims to raise 42 billion dollars precisely to buy more BTC. Essentially, within the next three years, the company is preparing to raise 21 billion dollars in equity and 21 billion dollars in fixed-income securities.
The price of BTC reaches a new all-time high
In the meantime, the price of Bitcoin (BTC) has reached a new all-time high, above $80,000.
Specifically, at the time of writing, BTC is worth $81,240, in a pump of +2.81% in the last 24 hours and +18% in the last seven days.
In fact, the surpassing of 80,000$ occurred during the day on Sunday, November 10. Last week, however, the price of BTC was still 68,580$.
