{"id":560148,"date":"2023-11-10T18:00:45","date_gmt":"2023-11-10T18:00:45","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=560148"},"modified":"2024-06-11T06:45:52","modified_gmt":"2024-06-11T06:45:52","slug":"microstrategy-4-6-billion-bitcoin","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/microstrategy-4-6-billion-bitcoin\/","title":{"rendered":"MicroStrategy’s $4.6 Billion Bitcoin Bet Pays Off, Here’s How Much It’s Worth Now"},"content":{"rendered":"

The cryptocurrency industry has <\/span>experienced significant growth<\/span><\/a> in recent weeks with an influx of capital. This influx of capital has forced Bitcoin <\/span>over various price resistances<\/span><\/a>, with the latest being a brief cross over the $37,000 level. MicroStrategy has emerged as a prominent public company that has successfully capitalized on this price push.<\/span><\/p>\n

MicroStrategy’s blockbuster bet on the world\u2019s largest cryptocurrency has certainly <\/span>paid off so far.<\/span><\/a> The company has posted over $1 billion in unrealized profit thanks to Bitcoin’s 36% increase from $26,750 since October 13. Shares of MicroStrategy have also risen simultaneously, soaring more than 55% since the same time period.<\/span><\/p>\n

MicroStrategy\u2019s Bold Bitcoin Bet Paying Off<\/h2>\n

MicroStrategy started buying in Bitcoin in 2020 but the latest acquisition <\/span>came in October<\/span><\/a>, amidst the influx of money into Bitcoin, where the company announced it had acquired an additional 155 BTC for $5.3 million.\u00a0<\/span><\/p>\n

Related Reading: Ripple IPO: Expert Reveals Why Investors Should Be Cautious<\/a><\/div>\n

MicroStrategy now owns a total of 158,245 BTC, acquired at an average total value of $4.68 billion. At BTC’s current price of around $36,500, MicroStrategy’s BTC investment is now worth over $5.77 billion, representing an unrealized 26% return of $1.1 billion in around three years.<\/span><\/p>\n

The company\u2019s investment in Bitcoin has also paid off on the back end of its stock price, as it has outperformed many stocks and assets since the adoption of <\/span>its Bitcoin strategy<\/span><\/a>. The share price has shot up 242% from its open price of $145 at the beginning of the year.\u00a0<\/span><\/p>\n

At the time of writing, MicroStrategy share is trading at $497, and Michael Saylor noted that this growth has been largely in part to its innovative Bitcoin strategy.<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC resumes uptrend | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
BTC Putting Microstrategy On The Map<\/h2>\n
MicroStrategy’s Michael Saylor has been an <\/span>outspoken proponent of Bitcoin<\/span><\/a>. Saylor\u2019s belief in Bitcoin spearheaded MicroStrategy\u2019s investment in the asset, and a cursory look through his social media page on X shows various posts promoting Bitcoin.\u00a0<\/span><\/p>\n
\n
#Bitcoin<\/a> is Coming. pic.twitter.com\/5oE42SQvgC<\/a><\/p>\n
\u2014 Michael Saylor\u26a1\ufe0f (@saylor) November 9, 2023<\/a><\/p><\/blockquote>\n
Saylor recently stated, in an <\/span>interview with Fox Business<\/span><\/a>, that MicroStrategy’s BTC investments were part of a well-planned strategy to rival tech giants like Google, Microsoft, and Apple.\u00a0<\/span><\/p>\n
Related Reading: Analyst Predicts Bitcoin And Crypto Market Crash Of Epic Proportions, Here\u2019s When<\/a><\/div>\n
\u201cWhat we did in August of 2020 was recognize that there’s no way we’re going to outgrow Google and Microsoft and Apple Computer as a mid-sized software company. We realized Bitcoin is like a high-tech dominant digital network growing at 40% or 50% a year, and so we bought it,” he said in the interview.<\/span><\/p>\n
Saylor also expects the <\/span>demand for BTC to double<\/span><\/a> in the next 12 months amidst its next halving and the <\/span>approvals of spot Bitcoin ETFs<\/span><\/a> in the US. Ultimately, he believes that the price of BTC will eventually reach $5 million.\u00a0<\/span><\/p>\n
MicroStrategy isn’t the only company with Bitcoin on its balance sheet. Public companies now own a total of 239,494 BTC, representing 1.23% of the total supply. Marathon Digital, Galaxy Digital, and Tesla are a few of these companies, holding 13,286, 12,545, and 10,500 BTC, respectively.<\/span><\/p>\n
Featured image from MicroStrategy, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The cryptocurrency industry has experienced significant growth in recent weeks with an influx of capital. This influx of capital has forced Bitcoin over various price resistances, with the latest being a brief cross over the $37,000 level. MicroStrategy has emerged as a prominent public company that has successfully capitalized on this price push. MicroStrategy’s blockbuster bet on the world\u2019s largest cryptocurrency has certainly paid off so far. The company has posted over $1 billion in unrealized profit thanks to Bitcoin’s 36% increase from $26,750 since October 13. Shares of MicroStrategy have also risen simultaneously, soaring more than 55% since the same time period. MicroStrategy\u2019s Bold Bitcoin Bet Paying Off MicroStrategy started buying in Bitcoin in 2020 but the latest acquisition came in October, amidst the influx of money into Bitcoin, where the company announced it had acquired an additional 155 BTC for $5.3 million.\u00a0 Related Reading: Ripple IPO: Expert Reveals Why Investors Should Be Cautious MicroStrategy now owns a total of 158,245 BTC, acquired at an average total value of $4.68 billion. At BTC’s current price of around $36,500, MicroStrategy’s BTC investment is now worth over $5.77 billion, representing an unrealized 26% return of $1.1 billion in around three years. The company\u2019s investment in Bitcoin has also paid off on the back end of its stock price, as it has outperformed many stocks and assets since the adoption of its Bitcoin strategy. The share price has shot up 242% from its open price of $145 at the beginning of the year.\u00a0 At the time of writing, MicroStrategy share is trading at $497, and Michael Saylor noted that this growth has been largely in part to its innovative Bitcoin strategy. BTC resumes uptrend | Source: BTCUSD on Tradingview.com BTC Putting Microstrategy On The Map MicroStrategy’s Michael Saylor has been an outspoken proponent of Bitcoin. Saylor\u2019s belief in Bitcoin spearheaded MicroStrategy\u2019s investment in the asset, and a cursory look through his social media page on X shows various posts promoting Bitcoin.\u00a0 #Bitcoin is Coming. pic.twitter.com\/5oE42SQvgC \u2014 Michael Saylor\u26a1\ufe0f (@saylor) November 9, 2023 Saylor recently stated, in an interview with Fox Business, that MicroStrategy’s BTC investments were part of a well-planned strategy to rival tech giants like Google, Microsoft, and Apple.\u00a0 Related Reading: Analyst Predicts Bitcoin And Crypto Market Crash Of Epic Proportions, Here\u2019s When \u201cWhat we did in August of 2020 was recognize that there’s no way we’re going to outgrow Google and Microsoft and Apple Computer as a mid-sized software company. We realized Bitcoin is like a high-tech dominant digital network growing at 40% or 50% a year, and so we bought it,” he said in the interview. Saylor also expects the demand for BTC to double in the next 12 months amidst its next halving and the approvals of spot Bitcoin ETFs in the US. Ultimately, he believes that the price of BTC will eventually reach $5 million.\u00a0 MicroStrategy isn’t the only company with Bitcoin on its balance sheet. Public companies now own a total of 239,494 BTC, representing 1.23% of the total supply. Marathon Digital, Galaxy Digital, and Tesla are a few of these companies, holding 13,286, 12,545, and 10,500 BTC, respectively. Featured image from MicroStrategy, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":560156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,1119,89185,1144,78790,83344,89974,81299,89013,89973],"class_list":["post-560148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt","tag-michael-saylor","tag-michael-saylor-news","tag-microstrategy","tag-microstrategy-bitcoin","tag-microstrategy-news"],"acf":[],"yoast_head":"\nMicroStrategy's $4.6 Billion Bitcoin Bet Pays Off, Here's How Much It's Worth Now<\/title>\n<meta name=\"description\" content=\"Bitcoin and the cryptocurrency industry has experienced significant growth in recent weeks with an influx 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MicroStrategy’s $4.6 Billion Bitcoin Bet Pays Off, Here’s How Much It’s Worth Now","url":"http:\/\/shenyangcang.com\/news\/microstrategy-4-6-billion-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/microstrategy-4-6-billion-bitcoin\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/11\/MicroStrategy-Bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/11\/MicroStrategy-Bitcoin.jpeg?fit=1024%2C512"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","btc","btc news","btcusd","btcusdt","michael saylor","michael saylor news","microstrategy","microstrategy bitcoin","microstrategy news"],"dateCreated":"2023-11-10T18:00:45Z","datePublished":"2023-11-10T18:00:45Z","dateModified":"2024-06-11T06:45:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MicroStrategy’s $4.6 Billion Bitcoin Bet Pays Off, Here’s How Much It’s Worth Now\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/microstrategy-4-6-billion-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/microstrategy-4-6-billion-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/MicroStrategy-Bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/MicroStrategy-Bitcoin.jpeg?fit=1024%2C512\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\",\"michael saylor\",\"michael saylor news\",\"microstrategy\",\"microstrategy bitcoin\",\"microstrategy news\"],\"dateCreated\":\"2023-11-10T18:00:45Z\",\"datePublished\":\"2023-11-10T18:00:45Z\",\"dateModified\":\"2024-06-11T06:45:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/11\/MicroStrategy-Bitcoin.jpeg?fit=1024%2C512","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/560148"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=560148"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/560148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/560156"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=560148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=560148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=560148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}