Microstrategy has seen its investment in Bitcoin double in value.

That’s what emerges by comparing the company’s official announcements with the current price of Bitcoin.

There have been several Bitcoin investments in Microstrategy, documented by CEO Michael Saylor.

The first occurred on September 14, 2020, when the business intelligence firm announced it had a total of 38,250 Bitcoins for a total spend of $425 million.

The most recent was dated December 21. Bitcoin was worth just under $22,000 when the CEO announced that he had purchased over 29,600 Crowd Millionaire for approximately $650 million. In total, as of December 21, Microstrategy has purchased over 70,000 Bitcoins at an average price of $15,694 each.

Bitcoin opened 2021 with a bang, hitting its all-time high at $34,600 on the day yesterday. It is currently in a slight retracement, settling at $33,000. It’s easy to see from these numbers how Microstrategy has effectively doubled the value of its Bitcoins.
Microstrategy pioneers institutional investments in Bitcoin

Microstrategy has been among the pioneers of institutional investors in Bitcoin. In fact, the company holds more than half of its assets in cryptocurrency.

Explained CEO Michael Saylor last December 21:

„The acquisition of additional bitcoin announced today reaffirms our belief that bitcoin, as the world’s most widely adopted cryptocurrency, is a reliable store of value. We believe that the proactive management of our balance sheet, combined with the Company’s improved revenues and profitability, has been a significant factor in the recent appreciation of our stock price.“

Michael Saylor fan of Bitcoin

After all, Michael Saylor himself seems to be a strong supporter of Bitcoin as his Twitter profile shows.

Although he doesn’t belong to those who launch into price prophecies, in his posts we can see that he strongly believes in the digital currency.

For example, last December 26, he tweeted:

„Cash is a refuge from risk, but there is a price to pay. Would you sacrifice 98% of your opportunity to avoid the uncertainty of tomorrow? Volatility is Vitality. Bitcoin is Hope.“

A few days later, he posted a chart from Messari highlighting Bitcoin’s 2020 performance, which has long outperformed any other asset:

Finally, today Michael Saylor is among those celebrating the cover of today’s edition of the Financial Times showing the rise in the price of Bitcoin:

His words are as follows:

„On the first business day of 2021, Bitcoin takes its rightful place at the top of the Financial Times.“

He also added a quote from writer Victor Hugo.

„No force on earth can stop an idea whose time has come.“

Bitcoin’s price performance seems to justify all his enthusiasm and hopes.

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