- MicroStrategy owns 252,200 BTC worth ~$20.5B
- The company is acting on its 21/21 plan
- It aims to raise $42B over the next three years
With BTC rising to $81.3, MicroStrategy just posted a record value as its 252,200 BTC is now worth ~$20.5B.
Following it out of the corporate Bitcoin holders are Bitcoin miners Marathon Digital and Riot Platforms with $2.1B and $840M respectively.
More on MicroStrategy’s Success
MicroStrategy is the largest corporate holder of Bitcoin and it deservedly holds this position, as it saw the potential of this cryptocurrency a long time ago and prioritized it as much as possible in its strategy.
According to Bitcoin Treasuries, they have purchased Bitcoin 42 times at an average of ~$39.29K, which has paid off today.
MicroStrategy did this as part of their 21/21 plan, which is to raise a total of $42B over the next three years, $21B each from equities and in fixed income securities respectively.
Conclusion
While BlackRock may be playing on the side of the crypto industry right now but may raise questions for some, MicroStrategy and Michael Saylor can only be wholeheartedly congratulated.
Realizing the true potential combined with in-depth analytics and sound strategy has paid off and it’s probably not their last success. Stay tuned.
