Recently, Bitcoin has reached unprecedented heights, recording a new all-time high of around $81,800. This surge is approaching a new milestone, surpassing $82,000.
Meanwhile, the Bitcoin portfolio of MicroStrategy (MSTR), which has been genuinely invested in holding Bitcoin, has swelled to a scale of $20.6 billion. The dedicated website 'SaylorTracker' tracks this value in real-time.
MSTR Earns Over $1 Billion in Profit from Bitcoin Purchases
MicroStrategy is known as a publicly traded US company that has executed a significant investment in Bitcoin. Currently, their portfolio contains 125,220 BTC. The fact that they purchased 7,420 BTC was revealed in the SEC filing on September 20th recent. They acquired these at an average price of $61,750 per Bitcoin, with a total cost, including fees, of around $455.2 million.
Therefore, the company's unrealized profit has surged by over $10.6 billion, increasing the portfolio value by 107%.
How long will they continue to accumulate Bitcoin? MSTR's vision goes far beyond their current holdings. MicroStrategy founder Michael Saylor recently hinted at further expansion in a post on X (formerly Twitter).
"I think we need more green dots on SaylorTracker.com," Saylor said.
Additionally, MicroStrategy announced a bold financial strategy in its Q3 earnings report. The company revealed a $42 billion fundraising plan called the "21/21 Plan".
Executive Chairman Michael Saylor and CEO Phong Le plan to raise $21 billion through equity and $21 billion through debt over the next 3 years to secure a significant Bitcoin holding.
Saylor emphasized that this plan has the potential to transform the company's financial strategy, describing Bitcoin as "digital property".
This strategic direction underscores MicroStrategy's pioneering role in positioning Bitcoin within its corporate financial strategy. These moves have propelled their stock to its highest level in 24 years.
The company's aggressive Bitcoin acquisition approach has garnered widespread attention. For example, Saylor suggested a Bitcoin price target of $13 million in a September CNBC interview. Critics dismiss such predictions as unrealistic, but Saylor's optimism resonates with Bitcoin supporters.
MicroStrategy's approach may set a new standard for corporate investment in digital assets. Each purchase further entrenches Bitcoin's presence in the global market, suggesting a future where digital assets are as fundamental to corporate and individual investment portfolios as traditional assets.
