Summary
- MicroStrategy now has 226,500 BTC worth almost $14.5 billion at current prices.
- On the adoption front, the company is optimistic about improved Bitcoin understanding by politicians and institutions.
MicroStrategy, led by Executive Chairman Michael Saylor, has just disclosed its July 31 Bitcoin holdings. According to official data, the firm now holds 226,500 BTC worth about $14.5 billion at current prices.
The firm’s BTC was acquired for $8.3 billion or an average price of $36,821 per coin.
MicroStrategy’s CEO Phong Le said in the earnings official release that, on the adoption front, they are extremely optimistic with the improved understanding of Bitcoin and the increasing support for the ecosystem showed by bipartisan politicians and institutions, especially during last weekend’s Bitcoin Conference.
In the official notes, MicroStrategy also revealed other important data including:
- Previously announced 10-for-1 forward stock split effective August 7, 2024
- 12,222 BTC acquired since the beginning of Q2, 2024, for $805.2 million, or $65,882 per BTC
- BTC yield (a key performance indicator for MicroStrategy’s BTC strategy) year-to-date of 12.2%
“Bitcoin Is the Best Strategy”
Founder and CEO of CryptoQuant, Ki Young Ju, shared a message today via his X account, praising Michael Saylor’s words “The best strategy is a Bitcoin Strategy.”
According to Ki Young Ju, his Bitcoin messages are simple, clear, and consistent. He said that he unconsciously echoed his words, that Bitcoin is the best strategy.
He also noted in his message that this message spreads, forming new communities and strengthening the existing ones. According to him, over time, followers become elders who pass the message on, just as he does.
He also re-posted Saylor’s message which includes a graph showing MicroStrategy’s outperformance since adopting the Bitcoin Strategy.
The stock performance has been revealed since August 10, 2020, when MicroStrategy adopted its Bitcoin strategy. Since then, MSTR is up by 1,206%, and Bitcoin is up by 442%, according to their notes, compared to Big Tech stocks.
