© Reuters $9,000,000,000 in Bitcoin (BTC): Saylor's Strategy Is Working
Once more, Michael Saylor’s Bitcoin playbook is demonstrating its tenacity. At this point, Strategy’s Bitcoin holdings have grown to an incredible $44.86 billion, locking in a 25.85% profit, or an incredible $9.2 billion in gains. The strategy seems to be working even with some recent volatility on the larger cryptocurrency market, as there are currently over 528,000 BTC under management and an average purchase price of $67,485.
The performance graph shows Strategy’s strategic timing in addition to its belief in Bitcoin. By making large purchases during the 2020, 2022 and late 2023 dips, the company was able to drastically reduce its average cost basis. Even...