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MicroStrategy Leads with $20 Billion in Bitcoin, Achieving Over 100% ROI
Last Updated: November 11, 2024
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Key Takeaways
- MicroStrategy’s Bitcoin holdings now exceed $20 billion, yielding an ROI above 100%;
- MicroStrategy remains the top corporate Bitcoin holder, far outpacing other companies in volume;
- The company plans to grow its BTC portfolio even more through the "21/21" initiative.
With Bitcoin prices climbing past the $80,000 mark, MicroStrategy's cryptocurrency holdings have surged in value, estimated at over $20 billion.
This places MicroStrategy, led by executive chairman Michael Saylor, as a leading figure in corporate Bitcoin investments, with a return of over 100%. The Business Intelligence firm's Bitcoin holdings, approximately 279,420 coins, was accumulated across 42 purchases at an average acquisition price of $39,292 per coin.
Among corporate Bitcoin holders, MicroStrategy is unmatched in terms of volume. In comparison, mining corporations like Marathon Digital and Riot Platforms trail behind with Bitcoin holdings valued at $2.2 billion and $882 million.
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Furthermore, MicroStrategy has a plan named "21/21" to push its Bitcoin portfolio even higher. Over the next three years, the company aims to secure an additional $42 billion—divided equally between equity and fixed-income sources.
As Bitcoin's value reaches historic highs, corporate investors like MicroStrategy are witnessing significant returns on their Bitcoin investments.
It seems as though Bitcoin's price will continue rising, as investors expect a more crypto-friendly political environment after Donald Trump won the presidential election. Wyoming Senator Cynthia reaffirmed her commitment to establishing a strategic Bitcoin reserve for the United States, proposing the government to acquire one million BTC for long-term holding.
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