Source: Unchained Crypto
- Because of Bitcoin’s latest spike to $81,800, MicroStrategy now has more than $20.6 billion in its Bitcoin portfolio.
- The company currently has approximately 252,220 BTC in holdings, with unrealized gains of over $10.6 billion.
- MicroStrategy plans to raise $42 billion in order to increase its Bitcoin reserves.
Bitcoin has risen to previously unheard-of heights in recent days, reaching a fresh all-time high of almost $81,800. This increase is almost at the $82,000 mark.
MicroStrategy’s Bitcoin holdings have increased to an astounding $20.6 billion. A specialized website called Saylor Tracker keeps tabs on this worth in real time.
MicroStrategy’s Bitcoin Portfolio Has More Than $10.6 Billion in Gains
With over 252,220 BTC in its portfolio, MicroStrategy is well-known for its substantial Bitcoin investments. The most recent deal, which involves buying 7,420 Bitcoin, was revealed in a September 20 SEC filing. With costs included, these were purchased for an average of $61,750 per Bitcoin, totaling around $458.2 million.
MicroStrategy Bitcoin Portfolio. Source: SaylorTracker
The company’s unrealized gains have increased to about $10.6 billion. This is a 107% gain in portfolio value.
The company’s goals go much beyond what it already owns. This is because Michael Saylor, the inventor of MicroStrategy, recently alluded to additional growth in a post on X (previously Twitter).
Michael J. Saylor Former CEO of MicroStrategy (Source: Cryptonary
Saylor stated, “I believe that saylortracker.com requires more green dots.”
In addition, MicroStrategy’s Q3 earnings report revealed a daring financial plan. The company unveiled the “21/21 Plan,” a $42 billion capital-raising drive.
Saylor highlighted the plan’s potential to revolutionize corporate treasury strategies in her description. Bitcoin, he said, is “digital capital.”
This strategic approach emphasizes how MicroStrategy was a trailblazer in integrating Bitcoin into business financial plans. Its stock has reached its greatest levels in 24 years because of these actions.
MicroStrategy (MSTR) Price Performance. Source: TradingView
The goal of CEO Phong Le and Executive chair Michael Saylor is to amass substantial Bitcoin reserves. Their three-year plan is to raise $21 billion in fixed-income securities and another $21 billion in equity.
The company’s tough stance on Bitcoin purchases has garnered widespread attention. In a September CNBC interview, Saylor predicted a Bitcoin price of $13 million. Although opponents such as economist Peter Schiff reject these projections as unreasonable, Saylor’s optimism resonates with Bitcoin supporters.
The strategy used by MicroStrategy may establish a new benchmark for business investment in digital assets. Every transaction strengthens Bitcoin’s position in international marketplaces. It envisions a time when digital assets would be just as essential to investment portfolios for both individuals and corporations as traditional ones.
