Originally published on: November 11, 2024
MicroStrategy, a prominent business intelligence firm, has seen its Bitcoin portfolio soar to over $20 billion in value amid the recent surge in the leading cryptocurrency’s price, surpassing $80,000.
Currently holding 252,200 Bitcoin, MicroStrategy’s investment is now valued at $20.5 billion, marking a remarkable return on investment of over 104%. This impressive growth has been tracked by the “Saylor Tracker,” named after the company’s executive chairman, Michael Saylor.
Having strategically purchased Bitcoin 42 times at an average cost of $39,292, MicroStrategy stands as the largest corporate holder of Bitcoin, outpacing competitors like Bitcoin miners Marathon Digital and Riot Platforms.
In an ambitious move to further bolster its Bitcoin holdings, MicroStrategy is looking to raise $42 billion over the next three years under its “21/21” plan, allocating $21 billion for equity and $21 billion for fixed-income securities.
With Bitcoin hitting an all-time high of $81,617, the digital asset has provided substantial gains for investors across the board. Bhutan has amassed over $1 billion in Bitcoin holdings, making up a significant portion of its gross domestic product.
Similarly, El Salvador has reaped the benefits of its Bitcoin investment strategy, with its substantial stash now valued at more than $482 million. Despite facing challenges during market downturns, the country continues to steadily accumulate Bitcoin assets through various initiatives.
As Bitcoin continues to demonstrate strong growth potential, companies and countries alike are looking to capitalize on its surging value. Staying informed and exploring diverse investment opportunities in the cryptocurrency market can help investors navigate these exciting developments.
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