MicroStrategy’s Bitcoin holdings have now soared past $20 billion in value, due to Bitcoin’s recent surge above $80,000. The company’s stash of 252,200 BTC is currently valued at $20.54 billion, meaning its Bitcoin strategy has earned them a gain of over 104%. This data comes from “Saylor Tracker,” a source named after Michael Saylor, the firm’s executive chairman.
According to Bitcoin Treasuries data, MicroStrategy has been steadily accumulating Bitcoin, making 42 purchases at an average cost of $39,292 per Bitcoin. MicroStrategy remains the largest corporate Bitcoin holder, with Marathon Digital and Riot Platforms next, holding around $2.1 billion and $840 million in Bitcoin, respectively.
MicroStrategy plans to raise a huge $42 billion over the next three years to expand its Bitcoin holdings. This initiative, called the “21/21” plan, splits the funding into $21 billion from equity and $21 billion from fixed-income investments.
MicroStrategy Bitcoin surge boosts Bhutan & El Salvador
Bitcoin is now trading at an all-time high of $81,617, according to CoinGecko, which has also boosted gains for other large Bitcoin holders. As reported by Arkham Intelligence, Bhutan now holds over $1 billion in Bitcoin. Moreover, the country has been building a major Bitcoin mining operation and appears to be using Bitcoin as part of its strategic currency reserves.
This Bitcoin holding makes up about 32% of Bhutan’s $3.15 billion GDP, based on Oct. 2024 data from the International Monetary Fund. Meanwhile, El Salvador’s Bitcoin investment is paying off, with the country’s holdings of 5,930 BTC now valued at over $482 million, as per Drop Stab data. This marks an impressive 80% gain, translating to nearly $214 million in unrealized profits for the Central American nation.
But it hasn’t been all easy. El Salvador launched its Bitcoin investment strategy just two months before Bitcoin hit its peak in the 2020-2021 cycle. When the market plunged in 2022, critics in the media were quick to point this out. Despite the ups and downs, President Nayib Bukele’s government still sticks to its approach, buying exactly 1 Bitcoin daily as part of a dollar-cost averaging strategy.
El Salvador is building its Bitcoin reserves through its passport program and profits from mining Bitcoin using volcanic energy.
