Microstargy’s share price, led by CEO Michael Saylor, has risen an impressive over 400% in 2024 thanks to its aggressive Bitcoin buying strategy.
Since mid-2020, the company has purchased 444,262 bitcoins, worth about $42 billion today, which it purchased for a total of $27.7 billion, at an average price of $62,257 per bitcoin.
This move significantly increased the company’s value, increasing its market capitalization from $1.1 billion to $84 billion in just a few years. After buying Bitcoin for four years, MicroStrategy is now the fourth-largest holder behind Satoshi Nakamoto, BlackRock’s iShares Bitcoin Trust and Binance.
Michael Saylor sees Bitcoin as the future of money and a new form of digital capital. He predicts that Bitcoin’s value could reach $13 million by 2045, growing at an average rate of 29% per year.
He also compares Bitcoin to real estate in New York City by…
