MicroStrategy Bitcoin holdings top $20 billion
icrostrategy's bitcoin holdings surge over $10 billion in unrealized gains
MicroStrategy, known for its substantial Bitcoin investments, now holds over 252,220 BTC, marking over $10.6 billion in unrealized gains.
The company’s most recent purchase, disclosed in a September SEC filing, involved acquiring 7,420 BTC at an average price of $61,750 per Bitcoin, totaling approximately $458.2 million. This latest addition has raised the portfolio’s value by 107%, reflecting the firm’s steadfast belief in Bitcoin as a critical asset, reports BeInCrypto.
MicroStrategy’s Ambitious “21/21 Plan” to Raise $42 Billion
In a bold strategic move, MicroStrategy announced a $42 billion capital-raising initiative in its Q3 earnings report, termed the “21/21 Plan.” This plan, spearheaded by Executive Chairman Michael Saylor and CEO Phong Le, aims to raise $21 billion through equity and another $21 billion via fixed-income securities over three years. According to Saylor, this approach could redefine corporate treasury strategies by positioning Bitcoin as a fundamental “digital capital” asset.
Saylor’s enthusiasm for Bitcoin extends beyond the current portfolio. Recently, he hinted at further expansion on X (formerly Twitter), suggesting that “saylortracker.com needs more green dots,” indicating more Bitcoin acquisitions are likely on the horizon. His bullish outlook was underscored in a CNBC interview, where he projected a Bitcoin price of $13 million, though skeptics like economist Peter Schiff view this as unrealistic.
Setting New Standards in Corporate Digital Asset Investment
MicroStrategy’s unwavering focus on Bitcoin has propelled its stock to its highest levels in 24 years, positioning the company as a leader in integrating digital assets into corporate finance. With each acquisition, MicroStrategy strengthens Bitcoin’s role in the global financial ecosystem, potentially setting a precedent for corporate investment in digital assets. The company’s actions suggest a future where digital assets may hold equal footing with traditional investments in both corporate and personal portfolios.
Recentrly we wrote, that famed author of Rich Dad Poor Dad, Robert Kiyosaki has become an influential advocate for hard assets like Bitcoin, Gold, and Silver, confidently sharing his investment journey and philosophy.
