MicroStrategy’s Bitcoin holdings have surpassed $20 billion, with the company’s 252,200 BTC now yielding a 104% return on investment.
Chairman Michael Saylor, an avid Bitcoin supporter, celebrated the milestone, sharing updates on X (formerly Twitter). MicroStrategy has made 42 BTC purchases at an average cost of $39,292 per BTC.
It remains the largest corporate Bitcoin holder, followed by Marathon Digital and Riot Platforms. The company also recently announced a “21/21 plan” to raise $42 billion over three years.
At the Bitcoin 2024 conference, Saylor advocated for digital assets, while former President Donald Trump suggested creating a national Bitcoin reserve, similar to MicroStrategy’s strategy.
Bitcoin recently hit an all-time high, benefiting other major holders like Bhutan and El Salvador. Bhutan’s BTC reserves now exceed $1 billion, equating to 32% of its GDP, as it develops Bitcoin mining infrastructure.
Meanwhile, El Salvador’s 5,930 BTC holdings are valued at over $482 million, with $214 million in unrealized profits, as the country continues its daily Bitcoin purchasing strategy under President Nayib Bukele.
Image Credit: Pixabay
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