MicroStrategy Bitcoin Investment Continues to Add Nearly $800 Million

Key Points:

• MicroStrategy bought $786 million worth of Bitcoin, totaling 226,331 BTC valued at $14.9 billion.
• Chairman Michael Saylor, who started buying Bitcoin in 2020, believes it’s superior to gold, boosting MicroStrategy’s share price by 1,000%.
• MicroStrategy Bitcoin investment has inspired other companies in the current context.

MicroStrategy has made another significant investment in Bitcoin, purchasing approximately $786 million worth of the cryptocurrency.

MicroStrategy Bitcoin Investment Continues to Be Enhanced

The MicroStrategy Bitcoin investment, funded through the sale of convertible notes, added 11,931 Bitcoin to the company’s reserves between April 27 and June 19. According to a recent filing with the US Securities and Exchange Commission, MicroStrategy’s total Bitcoin holdings now stand at 226,331 BTC, valued at approximately $14.9 billion.

Michael Saylor, the chairman and co-founder of MicroStrategy, began investing in Bitcoin in 2020 as a hedge against inflation and an alternative to holding cash. The company’s initial foray into the Bitcoin market in August 2020 involved an investment of $250 million. Since then, despite facing periods of market volatility, MicroStrategy has consistently increased its Bitcoin reserves, contributing to the substantial growth of its digital asset portfolio.

MicroStrategy’s Bitcoin Bet Influences Corporate Investment Trends

The MicroStrategy Bitcoin investment has had a profound impact on the company’s share price, which has soared over 1,000% since the company began its Bitcoin investment strategy. Saylor, who has emerged as one of the leading advocates for Bitcoin, believes the cryptocurrency outperforms traditional assets like gold and real estate. He has stated that MicroStrategy has no plans to sell its Bitcoin holdings, viewing it as a superior long-term store of value.

Saylor predicts that Bitcoin could rise to $250,000, driven by increased adoption and activity on cryptocurrency exchanges. His bullish outlook and MicroStrategy’s substantial investments have inspired other companies to consider Bitcoin as a viable investment. Notable recent adopters include the Metaplanet hotel development company and medical equipment manufacturer Semler Scientific.