What's happening with Strategy (formerly known as MicroStrategy) is truly legendary! The company is continuing its crazy journey to accumulate Bitcoin, and recently announced the purchase of 6,911 Bitcoins for $584.1 million, at an average price of $84,529 per Bitcoin. Simply put, they see the journey as just beginning, and the marathon is still on!
Currently, the company holds over half a million Bitcoins! Specifically, 506,137 Bitcoins, an investment that has cost them $33.7 billion, at an average price of $66,608 per Bitcoin. At current prices, the value of this holding has reached approximately $44.3 billion, meaning they have gained approximately $10 billion in unrealized gains! Imagine betting on something with all your might and winning the bet with astronomical profits!
Michael Saylor... The Undisputed King of Bitcoin!
A man like Michael Saylor doesn't think short-term. Everything he does demonstrates that he sees Bitcoin as the true future of the financial system. He's not just accumulating, he's also instilling a new philosophy for institutional investing, striving to become the world's largest corporate holder of Bitcoin. In fact, the dream he started with thousands has now grown to half a million, and the goal he's trying to achieve is to own one million Bitcoin!
The question is: Will we ever see the day when a strategist owns one million Bitcoin? Or could the market surprise and upset the balance? This game is certainly just beginning, and Saylor's big bet could be one of the smartest decisions in investment history.
