Microstrategy has been a stagnant company for years, with respect to revenue, profits and market capitalisation. That suddenly changed when Michael Saylor started to use his company's immense cash reserves to dive into Bitcoin. He doubled down with further debt offerings and stock sales, with the express intent to acquire even more Bitcoin.
Starting August 2020 Microstrategy has bought in aggregate 129'218 BTC at a total cost of $3,967 billion for an average price of $30'700.
Although Bitcoin has fallen 56% from its all time high at $69'000 to now $30'518, Saylor has only lost $24 million on his total stake.
Sources:
Quarterly numbers as reported in Microstrategy's Quarterly Report Q1 2022: Link
Press Release: MicroStrategy Announces Fourth Quarter 2021 Financial Results (page no. 8)
Quarterly numbers as reported in Microstrategy's Quarterly Report Q4 2021: Link
Quarterly numbers as reported in Microstrategy's Quarterly Report Q3 2021: Link
Quarterly numbers as reported in Microstrategy's Quarterly Report Q3 2020: Link
Source Microstrategy financials: finance.yahoo.com
Data is aggregate numbers per quarter as disclosed by the company.
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