MicroStrategy, the prominent business intelligence firm known for its aggressive Bitcoin acquisition strategy, has reached a remarkable milestone with its Bitcoin portfolio, which has now soared to a valuation exceeding $20 billion. As a result of a significant rally in the cryptocurrency market, MicroStrategy’s investments have yielded a return on investment (ROI) of over 100%. The company, led by Executive Chairman Michael Saylor, has consistently added to its Bitcoin stash, which now consists of 252,200 Bitcoins, acquired over 42 separate transactions at an average cost of $39,292 each.
MicroStrategy’s Bitcoin holdings have ballooned significantly, correlating with the current record-breaking price of Bitcoin, which stands at approximately $81,617. This makes MicroStrategy the largest corporate holder of Bitcoin, far surpassing both Marathon Digital and Riot Platforms, which hold Bitcoin worth $2.1 billion and $840 million, respectively. As part of its ambitious “21/21” plan, the firm intends to raise a staggering $42 billion over the next three years, with the goal of acquiring even more Bitcoin through a mix of $21 billion in equity and an equal amount in fixed-income securities.
The recent boom in Bitcoin values has also positively impacted other significant holders of the cryptocurrency. Bhutan, for instance, has seen its Bitcoin holdings rise above $1 billion, representing 32% of its gross domestic product, according to data from the International Monetary Fund. The country has been constructing a large-scale Bitcoin mining operation, positioning itself to utilize Bitcoin as a strategic currency reserve.
Moreover, El Salvador has benefited from its Bitcoin investment strategy, with a current stash of 5,930 Bitcoins valued at over $482 million. The Central American nation, which initiated its Bitcoin strategy shortly before the cryptocurrency’s peak in the 2020-2021 cycle, is experiencing an 80% increase on its investment, translating to nearly $214 million in unrealized profits. Despite previous challenges and criticism following the Bitcoin market’s downturn in 2022, El Salvador has continued its purchasing strategy, acquiring one Bitcoin daily and leveraging revenue from its volcanic Bitcoin mining endeavors and passport program.
As interest in Bitcoin and cryptocurrency continues to gain momentum, the growth of MicroStrategy’s portfolio underscores a significant trend in corporate adoption of digital assets amidst fluctuating market conditions.