MicroStrategy’s Bitcoin Holdings Exceed $20 Billion as BTC Hits $80,000

Key Takeaways:

• MicroStrategy’s Bitcoin holdings now exceed $20 billion in value after Bitcoin surged past $80,000.
• The firm’s 252,200 Bitcoin acquisition strategy has yielded a 104% gain, marking a significant return on its investment.
• Bhutan and El Salvador also report increased Bitcoin holdings, reaping benefits from Bitcoin's recent price hike.

Business intelligence firm MicroStrategy has seen its Bitcoin holdings climb to over $20 billion, driven by Bitcoin’s recent rally above $80,000. 

The firm’s strategic accumulation of 252,200 Bitcoin, initiated under the leadership of its Chairman Michael Saylor, has resulted in a 104% return on investment, according to “Saylor Tracker.” 

MicroStrategy’s Bitcoin Holdings Reshape Its Financial Future as Bhutan and El Salvador Boost Reserves

MicroStrategy has acquired Bitcoin across 42 different purchases, averaging $39,292 per coin, which positions the company as the largest corporate holder of Bitcoin globally.

MicroStrategy's #Bitcoin portfolio surpasses $20B, ROI now over 100%

The firm has bought $BTC 42 times at a dollar cost average of $39,292. pic.twitter.com/rSw1b4u4hu

— The Market Mine (@the_market_mine) November 11, 2024

Despite financial challenges reported in the second quarter (Q2) 2024, including a $5.74 per share loss and a significant impairment charge on BTC holdings, MicroStrategy has continued its aggressive Bitcoin acquisition strategy. The company acquired an additional 12,222 BTC for $805 million in Q2.

MicroStrategy recently announced its “21/21” initiative to support its Bitcoin growth objectives, aiming to raise $42 billion to acquire more Bitcoin over the next three years.

Other significant Bitcoin holders, including the countries of Bhutan and El Salvador, are also experiencing gains amid Bitcoin’s price spike. 

Bhutan’s Bitcoin holdings, totaling over $1 billion, represent 32% of the country’s GDP, underscoring Bitcoin's emerging role as a national reserve asset. Bhutan has actively developed a large-scale mining operation to support its Bitcoin strategy.

Similarly, El Salvador has reported strong gains with its 5,930 BTC stash, now valued at over $482 million. El Salvador’s early adoption of Bitcoin has generated $214 million in unrealized profits, although it was initially met with skepticism. 

💥El Salvador keeps buying 1 #Bitcoin every single day.

They now HODL:
– 5,929.77 $BTC
– Worth $474m

🫡 @BitcoinOfficesv pic.twitter.com/MBWLRmS9f1

— Bitcoin Archive (@BTC_Archive) November 10, 2024

President Nayib Bukele’s policy of dollar-cost-averaging – purchasing one Bitcoin daily – has continued, even as domestic sentiment shows limited adoption, with only 1.3% of Salvadorans supporting Bitcoin as a primary focus for the nation.

Bitcoin Gains Post Mixed Fortunes for MicroStrategy Stock

Despite the positive impact of Bitcoin’s recent rally on MicroStrategy’s holdings, its stock (MSTR), currently priced at $270.42, has seen a minor decline of 0.14% in intraday trading. 

This comes after a strong stock market week, driven by Donald Trump’s election win and another round of interest rate cuts, which have generally fueled a rise in tech stocks.

MicroStrategy shares reached a 52-week high, trading at $271.26 on Nasdaq on November 8 – marking a nearly 20% gain over the last five days. 

Over the past year, the company’s stock has surged by an impressive 436%, largely due to its bold Bitcoin acquisition strategy, which has boosted investors' confidence in its long-term growth potential.