MicroStrategy's Bitcoins now worth over $20 billion dollars

MicroStrategy's Bitcoin gamble pays off: stocks now worth over $20 billion

In August 2020, MicroStrategy made history by becoming the first publicly traded company to adopt Bitcoin as a reserve asset. Since then, with Bitcoin's price above $80,000, the company has made impressive gains. MicroStrategy's 252,200 Bitcoins are now worth over $20.55 billion, increasing its return to a whopping 104%.

Saylor Tracker: more "green dots" on the way?

Michael Saylor, board chairman of MicroStrategy, recently proudly shared an image of the "Saylor Tracker" on Twitter. This chart shows the company's strategic purchases of Bitcoin, shown as green dots. Saylor hinted at more purchases in the near future saying, "We need more green dots," which raises the prediction that MicroStrategy may soon reinvest.

So far, MicroStrategy has made 42 purchases at an average price of $39,292 per BTC, which now puts the company firmly in the green. MicroStrategy's strategy of continuing to invest in Bitcoin through thick and thin has paid off, solidifying their position as the largest corporate holder of Bitcoin worldwide.

MicroStrategy's "21/21 Plan" for future acquisitions

With the ambitious "21/21 Plan," MicroStrategy has committed to investing another $42 billion in Bitcoin over the next three years. This plan involves raising $21 billion through equity issuance and $21 billion through loans. This approach highlights the confidence Saylor and his team have in the long-term value of Bitcoin.

Governments also see gains from Bitcoin

MicroStrategy is not the only one benefiting from the recent price increases. Governments such as Bhutan and El Salvador are also seeing their Bitcoin reserves rise in value. Bhutan currently holds Bitcoin reserves that are now worth more than $1 billion, equivalent to about 32% of the country's total gross domestic product (GDP). El Salvador, another Bitcoin-friendly country, is now seeing its stock of 5,930 BTC rise to over $482 million.

With its strategic positions and bold plans, MicroStrategy remains not only a pioneer but also a role model for companies and governments worldwide who are seriously considering the potential of Bitcoin.