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Michael Saylor Reflects on His “Bitcoin” Gamble: Strategy’s Holdings Expand to 840,000, with Net Reserves Exceeding Debt by $48 Billion
Svmuu News: Michael Saylor posted on X, reflecting on Strategy’s “Bitcoin” journey. He noted that when he delivered a related speech in October 2022, the price of Bitcoin was approximately $20,000, and Strategy held 130,000 BTC at the time, worth about $2.6 billion.and the price of MSTR stock (adjusted for stock splits) was approximately $24. Michael Saylor noted that a few weeks later, Bitcoin fell below $16,000; the company’s debt at one point exceeded the combined value of its BTC and cash reserves by approximately $300 million; and the MSTR stock price also dropped to around $13 by the end of 2022. Strategy subsequently remained committed to its “Bitcoin” strategy, strengthened its operations, and continued to raise capital to invest in BTC.Since 2022, the company has raised more than $60 billion in new capital, which it has used to purchase Bitcoin, adding more than 716,000 BTC to its holdings. Michael Saylor stated that the current value of Strategy’s BTC and U.S. dollar reserves now exceeds the company’s debt by approximately $48 billion. He thanked investors for their long-term support and affirmed that the company will continue to adhere to its long-term strategy.
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