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MicroStrategy Shares Up Nearly 3 Times Since Bitcoin Investment

Since MicroStrategy made its first Bitcoin Investment in August 2020, the company's shares have nearly tripled

Since MicroStrategy made its first Bitcoin Investment in August 2020, the company’s shares have nearly tripled. MicroStrategy, the first publicly traded company to buy BTC, has been one of the key figures in the corporate interest in Bitcoin. The company holds Bitcoin, worth more than $ 2 billion.

On August 11, 2020, Nasdaq-listed business intelligence company MicroStrategy announced that it was allocating part of the company’s Reserve to Bitcoin. The company’s shares have risen almost 3-fold in the nearly 6 months since then.

MicroStrategy shares climbed $ 134 to $ 389. MicroStrategy was the first publicly traded company to buy Bitcoin. The firm not only acquired BTC, but made it its primary Treasury reserve asset by a board decision.

MicroStrategy-Hisseleri-Bitcoin
Graph showing 1-Week price change of MicroStrategy (MSTR) stock. source

MicroStrategy, whose shares have increased 3 times, holds more than 70 thousand bitcoins
MicroStrategy continued to gradually increase its BTC reserve after its initial investment in August. MicroStrategy holds 70,470 Bitcoins. The value of these Bitcoins is about $ 2 billion when the BTC price is in the waters of $ 29 thousand. It was announced that more than 70 thousand bitcoins were received at an average price of $ 15,964.

MicroStrategy made 4 BTC investments in August, September and December. Finally, with the sale of $ 650 million convertible bonds it produced on December 21, it bought 29 thousand BTC. It was reported that the company’s large BTC purchases were made through the Coinbase platform.

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