In the first nine months of 2021, MicroStrategy invested $2 billion in Bitcoin, with CFO Phong Le affirming that the company intends to continue accumulating BTC without plans to sell.
What Are MicroStrategy’s Total Holdings?
On February 1, 2022, MicroStrategy announced the purchase of 660 BTC at an average price of $37,865, increasing their total holdings to 125,051 BTC, valued at approximately $3.8 billion. This follows a December 2021 purchase of 1,914 bitcoins for $94 million, when BTC was trading at around $46,000.
Why Did MicroStrategy Buy During the Price Decrease?
The recovering crypto market prompted MicroStrategy to make its latest purchase. When BTC hit its lowest price, many large investors took the opportunity to “buy the dip.” As the token’s value began to rebound, buyers like MicroStrategy acted quickly to capitalize on the potential for short-term gains and avoid further losses.
Despite borrowing extensively to fund these purchases, MicroStrategy appears confident in BTC’s long-term growth. Recent trends suggest that BTC may be returning to a bullish trajectory.
How Much BTC Does Michael Saylor Personally Own?
Michael Saylor personally owns at least 17,732 BTC, worth an estimated $866 million. He has never sold any of his holdings and advises others to do the same, predicting that Bitcoin could eventually reach $6 million per coin.
What Is the Potential for Bitcoin?
Bitcoin reached an all-time high of $69,000 in 2021 before entering a downtrend that lasted for weeks, culminating in a six-month low of $33,000 in January 2022. Since then, BTC has recovered slightly, trading at around $37,000. Rumors of U.S. government regulatory plans were a major factor in last year’s sell-off.
Despite recent volatility, Bitcoin remains significantly more valuable than it was years ago. Many experts predict BTC will reach $100,000 in 2022. Over time, Bitcoin has demonstrated a gradual increase in value, outpacing other cryptocurrencies and leaving investors eager to see how high it can climb.
