
What to know:
- Today, we celebrate the quinquennial jubilee of Strategyโs (formerly known as MicroStrategy) inaugural foray into the realm of Bitcoin. ๐
- With a recent acquisition announced this fine Monday morn, MSTRโs treasure chest now boasts 628,946 BTC, a sum so vast it could make King Midas blush, valued at nearly $76 billion. ๐ฐ๐
- Since donning the mantle of Bitcoin aficionado, MSTRโs stock has soared like a phoenix, gaining over 3,000%, far surpassing Bitcoinโs modest 1,000% ascent. ๐๐ฅ
Verily, before this audacious leap into the crypto abyss, our erstwhile champions of AI and software development had languished in obscurity, their shares as stagnant as a pond in midsummer, having plummeted over 95% from their zenith during the dot-com era. ๐ข๐ซ๐ฅ
Yet, since the fateful month of August 2020, MSTR has delivered 100% average annual returns, compounding to a staggering 3,000% cumulative gain, while Bitcoin itself has offered a mere 1,000% in the same period. ๐๐
To amass such a prodigious trove of BTC, MSTR has employed a myriad of strategies, raising $46 billion through a blend of equity and credit, including $8.2 billion in convertible debt and four perpetual preferred stock offerings-STRK, STRF, STRD, and STRC-each tailored to seduce various segments of the yield curve. ๐๐ฐ๐ก
Fresh buys continue
This Monday, MSTR disclosed yet another purchase of 155 BTC for a mere $18 million-a trifle, one might say, but still a testament to their unwavering commitment, bringing their grand total to 628,946 coins, valued at approximately $76 billion. This represents a whopping 3% of Bitcoinโs sacred 21 million coin limit. At an average cost of about $74,000 per BTC, the company basks in unrealized gains of roughly $30 billion, or 65%. ๐๐
MSTR is now among the most actively traded stocks, boasting a daily trading volume of $4.4 billion, just a step behind the mighty Google (GOOG) at $4.9 billion. The open interest in MSTR options stands at $90 billion, again trailing only Google at $99 billion. Despite a market cap of $112 billion compared to Googleโs colossal $2.4 trillion, the trading fervor around MSTR is a clear sign of the marketโs rapt attention. ๐๐ผ๐ฅ
Its triumph has sparked a veritable revolution, inspiring a wave of Bitcoin treasury strategies among other corporations. The top 100 public companies now collectively hold 964,314 BTC, much of it acquired through capital raises that mirror MSTRโs playbook. ๐๐ค๐
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2025-08-11 15:32