Michael Saylor Bet Billions on #Bitcoin and Keeps Winning
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MicroStrategy had a market cap of $1.3b when it first bought bitcoin on the 11th of August, 2020.
This kicked off a Bitcoin buying spree that has seen the company spend $5.98 BILLION accumulating 190,000 $BTC
To date this is the single largest corporate treasury holding of Bitcoin.
The 190,000 Bitcoin acquired for $5.98b is currently worth $9.96b.
Profit so far = $3.98b
Starting market cap = $1.3b
‼️Unrealised profit is 3x bigger than the entire market cap of MSTR before it bought bitcoin.
It's market cap now is up more than 9x at $11.94b.
When Bitcoin hits $100K USD, MicroStrategy's profit on its current Bitcoin holding will be worth £13.58 BILLION.
More than 10x its market cap from when it first started buying Bitcoin.
#Winning 🤑
BitcoinArchive / Bitcoin Archive
npub15h…qtl4k
2024-02-16 16:32:46
Author Public Key
npub15h5n4muwsgxtc74hkcs9lp2ts7hdfdyvta4np7a7hfwfneqdeuls5qtl4kPublished at
2024-02-16 16:32:46Event JSON
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"content": "Michael Saylor Bet Billions on #Bitcoin and Keeps Winning\n\n--------------------\n\nMicroStrategy had a market cap of $1.3b when it first bought bitcoin on the 11th of August, 2020. \n\nThis kicked off a Bitcoin buying spree that has seen the company spend $5.98 BILLION accumulating 190,000 $BTC\n\nTo date this is the single largest corporate treasury holding of Bitcoin.\n\nThe 190,000 Bitcoin acquired for $5.98b is currently worth $9.96b.\n\nProfit so far = $3.98b\nStarting market cap = $1.3b\n\n‼️Unrealised profit is 3x bigger than the entire market cap of MSTR before it bought bitcoin.\n\nIt's market cap now is up more than 9x at $11.94b.\n\nWhen Bitcoin hits $100K USD, MicroStrategy's profit on its current Bitcoin holding will be worth £13.58 BILLION.\n\nMore than 10x its market cap from when it first started buying Bitcoin.\n\n#Winning 🤑",
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