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MicroStrategy Bitcoin Stash Soars Above $20 Billion Amid Record Bitcoin Rally

Market Musing-g

MicroStrategy Bitcoin Stash Soars Above $20 Billion Amid Record Bitcoin Rally

RLY

5 months ago

•

3 mins read

MicroStrategy Bitcoin Stash Soars Above $20 Billion Amid Record Bitcoin Rally

MicroStrategy Leads Corporate Bitcoin Holdings
Bitcoin Surge Lifts National Reserves

Strategic Bitcoin accumulation of the business intelligence firm MicroStrategy has reached a new pinnacle as the company’s holdings, totaling 252,200 Bitcoin, surged past the $20 billion mark in value. This milestone arrives as Bitcoin hit an all-time high of $81,617, marking a significant gain of over 104% on MicroStrategy’s investment.

MicroStrategy Leads Corporate Bitcoin Holdings

With an average acquisition price of $39,292 per Bitcoin, MicroStrategy’s aggressive approach has cemented it as the largest corporate Bitcoin holder by a wide margin. For comparison, prominent miners Marathon Digital and Riot Platforms hold $2.1 billion and $840 million in Bitcoin, respectively, demonstrating the scale of MicroStrategy’s holdings.

Looking ahead, MicroStrategy aims to escalate its Bitcoin strategy under a “21/21” plan, which sets a fundraising target of $42 billion over the next three years—split evenly between equity and fixed-income securities. This ambitious capital infusion underscores Saylor’s and MicroStrategy’s long-standing commitment to Bitcoin, suggesting continued optimism for Bitcoin’s role in corporate treasury strategies.

Bitcoin Surge Lifts National Reserves

MicroStrategy isn’t alone in celebrating Bitcoin’s recent surge. Bhutan’s Bitcoin holdings have also crossed the $1 billion threshold, positioning the cryptocurrency as a crucial part of the Himalayan kingdom’s strategic reserves.

Data from blockchain analytics firm Arkham Intelligence indicates that Bitcoin now comprises 32% of Bhutan’s $3.15 billion GDP, as estimated by the International Monetary Fund in October 2024. Bhutan has invested in large-scale Bitcoin mining and appears to be strategically positioning Bitcoin as a reserve asset, a move mirroring a few other countries seeking alternatives to traditional currencies.

El Salvador, another national Bitcoin adopter, has seen its Bitcoin holdings swell to over $482 million, translating into an unrealized profit of nearly $214 million, based on data from Drop Stab. Although El Salvador faced criticism early in its Bitcoin journey, the country continues to dollar-cost-average, buying one Bitcoin each day.