MicroStrategy has been able to achieve tremendous growth in its market cap and share price over the past four years, thanks to a successful strategy revealed by its founder, Michael Saylor. In a recent tweet, Saylor emphasized the company’s exclusive relationship with Bitcoin, highlighting its role as a major driver of MicroStrategy’s success.
Saylor outlined nine key principles that have contributed to MicroStrategy’s triumph in the Bitcoin space. These principles include buying and holding Bitcoin securely, prioritizing long-term value creation for MSTR common stock, and treating all investors with respect and transparency. The company also strives to outperform Bitcoin through intelligent leverage, continuously acquire Bitcoin while earning positive yield, grow responsibly in response to market dynamics, issue innovative fixed income securities backed by BTC, maintain a healthy balance sheet, and promote global adoption of Bitcoin as a treasury reserve asset.
MicroStrategy’s commitment to Bitcoin is evident in its recent announcement of plans to raise an astonishing $42 billion over the next three years to purchase more Bitcoin. The company already holds around $18 billion worth of BTC, equivalent to 252,220 Bitcoins.
In a separate development, MicroStrategy transferred 1,652 BTC worth $114.38 million to a newly created wallet. This move is just a fraction of the company’s overall crypto stash, as it currently holds 252,220 Bitcoins, bought at an average price of $39,266 per coin. The company has an unrealized profit of nearly $8 billion.
Bitcoin, the world’s largest cryptocurrency, is currently trading at $69,583, reflecting a 2.36% loss from its recent peak. Despite the recent dip, Bitcoin has experienced significant growth, reaching close to its historic peak of $74,000 before declining by 5.56% overall.