MicroStrategy Bought More Bitcoin This Week

Michael Saylor’s MicroStrategy (MSTR), the reigning corporate titan in Bitcoin holdings, has just upped its crypto game, snagging another 27,200 BTC for a cool $2 billion. Based in Tysons Corner, Virginia, the firm now boasts an impressive hoard of 279,420 BTC, valued at nearly $23 billion as Bitcoin rockets past $82,000, smashing its previous all-time high.

That’s right while Bitcoin was sitting at $74K, most of us were sitting around, too scared to buy, waiting for a dip that never came. Not Saylor. He is going to continue to buy, whatever the price. A lesson in there, folks.

Source: X

MicroStrategy’s Bitcoin binge, which cost them a cumulative $11.9 billion, has catapulted the company into a staggering $11 billion profit. For this quarter, the company reports a Bitcoin yield of 7.4%, with a robust 26% return year-to-date. The latest purchase alone, acquired at an average price of $74,463 per coin, has already netted over $200 million in profit as BTC’s price surged nearly $8,000 per coin.

Their playbook is simple but effective: issue shares, use the proceeds to buy Bitcoin, and let the dual effect of a rising BTC price and an inflated MSTR stock value work its magic. This symbiotic strategy is paying off—MSTR shares have jumped over 9% in pre-market trading, sitting at $295 as of this writing.

The company’s 279,420 BTC, acquired at an average price of $42,292, reflects a return on investment exceeding 100%.

Since its initial Bitcoin purchase in August 2020, MicroStrategy has consistently expanded its holdings, executing 42 acquisitions to date. This aggressive accumulation strategy has solidified its position as the largest corporate holder of Bitcoin, far outpacing other entities. For instance, Marathon Digital and Riot Platforms hold approximately $2.1 billion and $840 million in Bitcoin, respectively. Source: Bitcoin Treasuries

Michael Saylor tweeted a website that tracks MicroStrategy’s Bitcoin Holdings. Source: X

SaylorTracker is a website dedicated to monitoring and analyzing MicroStrategy’s Bitcoin holdings, spearheaded by its Executive Chairman, Michael Saylor. 

The platform aggregates data from public disclosures, such as SEC Form 8-K filings and Saylor’s tweets, to provide an overview of the company’s Bitcoin strategy.

Key Metrics Displayed:

• Total Value in USD: This represents the current market value of MicroStrategy’s Bitcoin holdings. For instance, as of the latest update, the holdings are valued at approximately $20.48 billion.
• Total Bitcoin Holdings (₿): The cumulative amount of Bitcoin owned by MicroStrategy, currently standing at 252,220 BTC.
• Current Bitcoin Price: The real-time market price of Bitcoin, noted as $81,037.60.
• Dollar-Cost Average (DCA): The average purchase price per Bitcoin across all acquisitions, calculated to be $39,464.75.
• All-Time Performance: The overall percentage gain or loss since the inception of the Bitcoin investment strategy, showing a positive return of 105.8%, equating to a profit of $10.53 billion.

MicroStrategy recently launched a bold 21-21 strategic plan to secure $42 billion in capital by 2027. The company aims to split this evenly, gathering $21 billion through equity and $21 billion in fixed income to expand its Bitcoin holdings. By implementing the largest ATM equity program ever, MicroStrategy plans to build a substantial Bitcoin reserve.

The roadmap sets a $10 billion target for 2025, split equally between equity and fixed income. This amount rises to $14 billion in 2026 and reaches $18 billion in 2027. A staggered schedule allows the company to balance interest costs effectively, switching between equity and debt funding as necessary.

Bitcoin hit almost $85,000 this morning.

Source: Brave New Coin Bitcoin Liquid Index