Home web3.0 MicroStrategy's Bitcoin investment has gained nearly US$4 billion, and its currency holdings are worth nearly US$10 billion

MicroStrategy's Bitcoin investment has gained nearly US$4 billion, and its currency holdings are worth nearly US$10 billion

Feb 17, 2024 am 09:27 AM
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MicroStrategy比特币投资浮盈近40亿美元 持币价值近100亿美元

According to the latest financial report released last week, MicroStrategy, the world's leading business software provider, has become the listed company with the largest number of Bitcoins. As of February 5 this year, MicroStrategy’s total Bitcoin holdings have reached 190,000, with a currency holding value of up to US$9.9 billion, and a book profit (floating profit) of nearly US$4 billion. This figure confirms the micro strategy’s strong performance in the digital currency market and solidifies its leading position among Bitcoin holders. It also reflects businesses’ growing recognition of Bitcoin as an asset reserve and investment, as well as confidence in the long-term potential of the digital economy. The success story of micro-strategy will provide a powerful reference for other enterprises, inspiring them to further explore and invest in the cryptocurrency field.

Since 2020, MicroStrategy has adopted "investing in Bitcoin and holding it for the long term" as its core strategy. According to its latest financial report, the company purchased 31,755 Bitcoins in the fourth quarter of last year and increased its holdings to 850 Bitcoins in January this year.

According to the latest data, the number of Bitcoins currently held by MicroStrategy has risen to 190,000. Their average purchase cost was US$31,224, and the total cost reached US$5.93 billion. Based on the current Bitcoin price of $52,156, their book profit has exceeded $3.979 billion. This is a huge success for MicroStrategy.

Michael Saylor, the founder and chairman of MicroStrategy, has always been a staunch supporter of Bitcoin. He believes that Bitcoin is an indispensable store of value and the best choice to combat the risk of inflation. During a recent earnings call, he emphasized that MicroStrategy will continue to execute its "Bitcoin strategy" and plans to continue buying more Bitcoins.

Michael Saylor later revealed that he planned to transform MicroStrategy into a Bitcoin development company by repositioning its brand. Such a transformation strategy is designed to be consistent with the company’s long-term Bitcoin holdings and commitment to advancing the development of the Bitcoin network.

He explained: “Given the success of the Bitcoin strategy and our unique position as the largest public company holding Bitcoin in the world, this decision was a no-brainer for us.”

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