Business intelligence giant MicroStrategy (MSTR) has taken the Bitcoin (BTC-USD) game to a whole new level, amassing a jaw-dropping $20.5 billion in Bitcoin holdings, according to Saylor Tracker. The company’s decision to double down on Bitcoin over the years has led to a remarkable return on investment (ROI) of over 100%, with BitcoinTreasuries data showing the firm bought Bitcoin 42 times at an average price of $39,292 per coin. For context, Bitcoin’s recent price of $82,212 — an all-time high — has made MicroStrategy the king of corporate Bitcoin holdings, with other players like Marathon Digital (MARA) and Riot Platforms (RIOT) lagging far behind at $2.1 billion and $840 million in Bitcoin holdings, respectively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Bhutan and El Salvador Ride the Bitcoin Wave
Interestingly, MicroStrategy isn’t the only one seeing a Bitcoin boost. Bhutan, a surprising player in the Bitcoin space, now holds over $1 billion worth of Bitcoin, or 32% of its GDP, as Arkham Intelligence reports. The tiny Himalayan country has invested heavily in Bitcoin mining, treating the cryptocurrency as a strategic reserve. Meanwhile, El Salvador has also benefited from Bitcoin’s soaring price, with its 5,930 Bitcoin stash now valued at $482 million, up 80% from its initial investment according to Drop Stab.
MSTR’s New 21/21 Plan
MicroStrategy isn’t stopping there. The company has revealed an ambitious “21/21” plan, aiming to raise $42 billion over three years through a mix of equity and fixed-income securities to buy more Bitcoin. According to BitcoinTreasuries, the plan reflects MicroStrategy’s confidence in Bitcoin’s potential as a long-term asset.
At the time of writing, Bitcoin is sitting at $82,232.79.
