Hold onto your digital hats, folks, because MicroStrategy is rolling in Bitcoin dough! This tech giant is now sitting pretty with a jaw-dropping paper profit of about $13 billion. Yes, you heard that right – billion with a capital B!
MicroStrategy just can't get enough of that Bitcoin magic. Their latest shopping spree bagged them a whopping 51,780 BTC, costing a cool $4.6 billion. And who was the mastermind behind this bold move? None other than Michael Saylor, the former CEO who's now the Executive Chairman. He snagged this digital treasure at an average price of $88,627 per Bitcoin.
Now, let's do a quick recap of their treasure trove. MicroStrategy holds a massive 331,200 BTC, which, at today's rates, is worth a mind-blowing $29.7 billion. With an initial investment of around $16.5 billion, they're now enjoying a paper profit that would make any pirate envious!
MicroStrategy is officially the king of corporate Bitcoin holders, weaving this digital gold into the very fabric of their financial strategy. And they're not stopping anytime soon. Just last week, they went on another Bitcoin shopping spree, splurging over $2 billion. And brace yourselves for this – they're planning to spend a jaw-dropping $42 billion over the next three years to add even more Bitcoin bling to their balance sheet.
It all started back in August 2020 when Bitcoin was just a baby, priced at around $11,000. Fast forward to today, and after Donald Trump's recent victory in the US presidential elections, the entire crypto market is on a wild bull run. Bitcoin has rocketed to an all-time high of over $93,000, currently cruising at around $90K.
So, there you have it, folks! MicroStrategy is on a Bitcoin buying spree like no other, and their treasure chest is overflowing. Who knows what they'll do next? Stay tuned for more Bitcoin adventures with MicroStrategy!
