Key Highlights:
- Today marks the five-year anniversary of Strategy’s (originally MicroStrategy) inaugural bitcoin purchase.
- Following a new addition reported recently, MSTR now holds 628,946 BTC valued at around $76 billion.
- Since adopting bitcoin, MSTR’s stock has skyrocketed over 3,000% while bitcoin has seen nearly a 1,000% increase.
Strategy adopted a bitcoin standard on August 11, 2020, initiating its journey with a purchase of 21,454 BTC for $250 million. This pivotal move transformed its treasury strategy, especially after years of stagnation in its share price.
Although MSTR only acquired a small increment of 155 BTC for $18 million recently, total holdings have swelled to an impressive 3% of bitcoin’s capped supply. With an average cost basis of approximately $74,000 per BTC, Strategy enjoys unrealized gains nearing $30 billion, or 65% on its investments.
Today, MSTR’s trading activity is notably vibrant, just behind Google (GOOG), showcasing continuous investor interest and a trailblazing influence on other corporate strategies regarding bitcoin treasury management.
This article reflects on the monumental impact Strategy’s investment approach has had on corporate adoption of bitcoin.
