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The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.
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Business intelligence firm MicroStrategy’s Bitcoin stash has just crossed over $20 billion in value as Bitcoin rallied above $80,000.
MicroStrategy’s 252,200 Bitcoin (BTC) is now worth $20.54 billion — putting the company up over 104% on its Bitcoin investment strategy, according to “Saylor Tracker,” named after the firm’s executive chairman, Michael Saylor.
Source: Michael Saylor
The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, Bitcoin Treasuries data shows.
MicroStrategy remains the largest corporate holder of Bitcoin by far, followed by Bitcoin miners Marathon Digital and Riot Platforms, which hold $2.1 billion and $840 million worth of Bitcoin, respectively.
MicroStrategy is also looking to raise a monstrous $42 billion over the next three years to stack more Bitcoin under its “21/21” plan — consisting of $21 billion worth of equity and $21 billion in fixed-income securities.
Bitcoin is currently priced at $81,617, an all-time high, according to CoinGecko.
The pump has also benefitted other major Bitcoin holders.
Bhutan’s Bitcoin holdings have now made it above $1 billion, according to blockchain analytics firm Arkham Intelligence.
Bhutan’s cryptocurrency holdings. Source: Arkham Intelligence
Bhutan has been constructing a large-scale Bitcoin mining operation and is seemingly using Bitcoin as a strategic currency reserve.
The country’s Bitcoin holdings account for 32% of its $3.15 billion gross domestic product, according to the International Monetary Fund, citing data from October 2024.
Related: Crypto greed index taps 7-month high as Bitcoin surges past $81K
Meanwhile, El Salvador is also reaping the rewards of its Bitcoin investment strategy, with its stash of 5,930 Bitcoin now worth over $482 million, Drop Stab data shows.
The Central American country is up 80% on its Bitcoin investment with nearly $214 million in unrealized profits.
But it hasn’t always been smooth sailing.
El Salvador started its Bitcoin investment strategy two months before Bitcoin peaked in the 2020-2021 cycle, with widespread media criticism following soon after when the broader market tanked in 2022.
The Nayib Bukele-led country continues to dollar-cost-average into Bitcoin by buying exactly 1 Bitcoin per day.
El Salvador’s Bitcoin balance. Source: The National Bitcoin Office of El Salvador
El Salvador is also stacking Bitcoin through its passport program and revenue from its volcanic Bitcoin mining venture.
Big Questions: How can Bitcoin payments stage a comeback?
This article first appeared at Cointelegraph.com News
