MicroStrategy's journey into the world of Bitcoin has indeed been remarkable. The company's persistent investment strategy in Bitcoin has paid off handsomely, with its profits hitting the impressive milestone of 100%. MicroStrategy, under the leadership of Michael Saylor, has transformed into a Bitcoin-centric entity, reaping the rewards of its steadfast approach to accumulating Bitcoin over the past four years.
By adopting the dollar-cost averaging tactic and amassing over 250,000 BTC, MicroStrategy's Bitcoin holdings have surged in value, exceeding 100% profit. The company's Bitcoin holdings now surpass $20 billion, with a total investment of $9 billion in Bitcoin purchases.
MicroStrategy's strategic Bitcoin acquisitions, which commenced in August 2020, have been conducted 42 times, with an average purchase price of $39,292. Notably, MicroStrategy's Bitcoin holdings lead the pack, followed by Marathon Digital with $2.1 billion and RIOT with $840 million, both actively involved in Bitcoin mining.
Michael Saylor's forward-looking approach is evident in his call for further Bitcoin acquisitions, emphasizing the long-term value of holding Bitcoin for at least 4 years, 10 years, and beyond – even advocating for indefinite retention.
