MicroStrategy: Bitcoin Investments that Keep on Giving

MicroStrategy's Michael Saylor Sees Almost $2 Billion Profit From Bitcoin Holdings - Will He Sell?

MicroStrategy’s Michael Saylor has made close to $2 billion in profit from his Bitcoin holdings. The question now is, will he sell?

Business intelligence company MicroStrategy (MSTR) has hit the digital asset jackpot, raking in nearly $2 billion in profit from its Bitcoin (BTC) holdings. It’s a financial success story that’s ready to make even the most skeptical of investors scratch their heads in awe.

At the helm of this crypto revolution is Michael Saylor, MicroStrategy’s laser-eyed owner and founder. With flair and gusto, he has publicly chronicled every twist and turn of the company’s BTC purchases since August 2020. No detail is spared, no transaction left unannounced.

According to his latest update on X last Thursday, MicroStrategy now hodls a staggering 174,530 BTC. With an average purchase price of $30,252 per bitcoin, this digital treasure trove cost the company approximately $5.28 billion. And with Bitcoin’s current outstanding value of $41,600, MicroStrategy’s investment has soared by a jaw-dropping 37%. That puts their total worth at a mind-boggling $7.26 billion, bringing their unrealized profits to a whopping $1.98 billion.

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Now, that’s what I call a blockchain jackpot!

But the story doesn’t end there. If you dive deeper into Saylor’s crypto adventures, you’ll discover he has made a total of 29 separate BTC purchases since August 2020. The journey began with the acquisition of 21,454 BTC, where each coin cost an estimated $11,652. Not content with stopping there, the company swiftly added another 16,796 BTC to their ever-growing treasure trove for a mere $10,496 each.

Of course, not every move was a leap towards greatness. MicroStrategy experienced its fair share of less-than-ideal purchases. Take, for example, the 7002 BTC acquisition in November 2021, costing a princely sum of $414 million. Sadly, though, it currently sits at a rather unpleasant 29% loss. But hey, when you hit the jackpot so many times, a few bumps in the road are par for the course.

Now, let’s talk strategy. MicroStrategy has embraced a “HODLing” mindset. What’s that, you ask? Well, it’s holding Bitcoin like a dear friend, never letting it go no matter what the market screams in your ear. According to Saylor, trading and market timing are just not their thing. They prefer to view Bitcoin as a dependable store of value, grounded in a robust, public, open-source architecture immune to the whims of sovereign monetary policy. It’s like holding onto a golden ticket that continuously amasses value—minus the oompa loompas, of course.

To keep the Bitcoin bonanza going, MicroStrategy has resorted to stock issuance. They recently raised a cozy $600 million, allowing them to add over 16,000 more coins to their overflowing vaults. Some have even compared this tactic to an unofficial Bitcoin spot ETF. It’s a sneak preview of what’s to come when an actual ETF product gets the green light in the United States next month.

If you think this tale couldn’t get any more impressive, think again. Saylor himself has a personal stash of 17,732 BTC, acquired for a modest $9,882 per coin. With the value of Bitcoin skyrocketing, his personal investment has ballooned by 320%. Bravo, Saylor, bravo!

In total, when you combine Saylor’s personal holdings with MicroStrategy’s, this crypto titan controls nearly 1% of all BTC in circulation. Talk about having a seat at the table.

So, dear reader, the next time you find yourself questioning the potential of blockchain and digital investments, remember MicroStrategy’s jackpot journey. It’s a story of turning humble investments into fortune, all through the power of HODLing and savvy decision-making.

Who knows, maybe someday you’ll be the next Bitcoin billionaire, controlling your own corner of the digital world. Until then, happy investing!

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