Soure: Brave New Coin
Highlights:
- With a portfolio worth almost $26 billion, MicroStrategy’s Bitcoin strategy surpasses both IBM and Nike.
- MicroStrategy’s substantial Bitcoin investments have caused their shares to soar by 2,500% since 2020.
- MicroStrategy hopes to raise $42 billion over the next three years in order to grow its Bitcoin cache.
- By doubling down on the top cryptocurrency, the company hopes to strengthen its position as a pioneer in corporate Bitcoin adoption.
Business intelligence pioneer MicroStrategy holds a reserve of about $26 billion in Bitcoins. This exceeds the cash on hand of large companies such as Nike and IBM. This development marks a critical turning point in the mainstream corporations’ use of cryptocurrencies.
MicroStrategy Bitcoin Holdings. Source: Saylortracker
MicroStrategy’s Increasing Bitcoin Financial Reserve
In 2020, MicroStrategy began hoarding Bitcoin as a hedge against inflation, and it has since produced significant profits. The company’s present $26 billion worth of Bitcoin assets has surpassed the financial reserves of Nike and IBM, among other large corporations. Nike reported $11.882 billion, while IBM recorded $13.7 billion in cash and securities. The company’s Bitcoin holdings put it at the top of corporate America’s treasury holdings, only surpassed by industry titans like Apple Inc. and Alphabet Inc.
MicroStrategy’s Treasury Source: Bloomberg
The company’s headquarters are in Tysons Corner, Virginia. It now owns more corporate Bitcoin stock than Riot Platforms and Marathon Digital combined. Its aggressive investment efforts in the cryptocurrency show its determination to establish Bitcoin as a strategic financial asset.
Stock Rises as Bitcoin Assets Increase
Bitcoin has impacted MicroStrategy’s stock returns and performance, as well as enhanced the company’s standing in the market. The business bought bitcoins in August 2020. Since then, its shares have increased in value by almost 2500%, placing them above the market as one of the top-performing US stocks.
Raising $42 Billion to Increase Bitcoin Assets
MicroStrategy has kept up its bitcoin investments. Over the course of the following three years, the corporation intends to increase the size of its cryptocurrency holdings by investing $42 billion in Bitcoin.
The corporate investing landscape is changing as more businesses, like Meta Planet, adopt MicroStrategy’s Bitcoin investment strategy.
Will Bitcoin’s $100k mark further propel MSTR?
Source: Bitcoinist
Within the following three months, it is predicted that Bitcoin will hit $100,000. It is anticipated that MicroStrategy’s stock will gain from this increase. According to a CCN analysis, Wall Street analysts who have set 12-month price predictions for MicroStrategy during the last three months are predicting an average price of $302.75, with a range of $385.00 to $270.00.
