Strategy Purchases Additional 155 BTC for $18 Million on Anniversary
Summary of Strategy's Bitcoin Adoption
- On August 11, 2020, Strategy (MSTR) made its first purchase of 21,454 BTC for $250 million.
- The company shifted its corporate treasury strategy to a bitcoin standard after two decades of stagnant share prices.
- Since adopting this strategy, MSTR has achieved average annual returns of 100%, resulting in over 3,000% cumulative gains.
- Bitcoin returned nearly 1,000% during the same period.
- To fund BTC purchases, MSTR raised $46 billion through equity and credit, including $8.2 billion in convertible debt.
- MSTR disclosed a recent purchase of 155 BTC for $18 million, bringing its total to 628,946 BTC valued at approximately $76 billion.
- This amount represents 3% of bitcoin’s total supply with unrealized gains of about $30 billion.
- MSTR is among the most actively traded stocks, with a daily trading volume of $4.4 billion.
- Open interest in MSTR options totals $90 billion, reflecting significant market interest.
- Other corporations are following MSTR's lead; the top 100 public companies now collectively own 964,314 BTC.