MicroStrategy's Bitcoin Portfolio Grows Again

Last Updated November 3rd 2023
3 Min Read

Key Takeaways -

  • MicroStrategy now holds 158,400 BTC after a recent purchase of 155 Bitcoin.
  • Their aggressive Bitcoin investment strategy has led to a total spend of approximately $734 million since May.
  • Financial experts like Max Keiser and Robert Kiyosaki predict a significant rise in Bitcoin's value, potentially reaching up to $500,000 by 2025.

MicroStrategy, a titan in the realm of business intelligence, has recently made waves in the financial world with a bold expansion of its Bitcoin assets. Michael Saylor, the company's co-founder, has publicized a notable escalation in their Bitcoin reserves. This deliberate and strategic choice highlights MicroStrategy's staunch belief in Bitcoin as an integral component of their investment portfolio, signaling a strong conviction in the future of digital currencies.

Deliberate Diversification into Bitcoin

The journey into the Bitcoin landscape commenced in August 2020 when MicroStrategy embarked on a mission to diversify its investment avenues. The company was navigating through a period where its traditional avenues for profit were beginning to show signs of stagnation. This was a pivotal moment that led to a series of calculated and strategic acquisitions of Bitcoin, marking a new chapter in the company's investment strategy.

Expanding the Bitcoin Reserve

In a move that underscores their aggressive stance on cryptocurrency investment, MicroStrategy's latest acquisition in October enriched their Bitcoin reserve by an additional 155 units. This significant purchase has propelled their total Bitcoin holdings to a remarkable 158,400 BTC, showcasing the company's unwavering commitment to embedding cryptocurrency into its core financial strategy.

Comprehensive Investment Strategy

The approach taken by MicroStrategy in its Bitcoin investments has been characterized by both boldness and precision. The company has not shied away from making substantial investments when opportunities have arisen. For example, in the month of September, MicroStrategy made a hefty investment of $147.3 million, securing 5,445 BTC at an average price of $27,053 per Bitcoin. Looking at the broader picture since May, MicroStrategy's acquisitions have totaled 28,560 BTC, with the average purchase price per Bitcoin being $25,707. This translates to a formidable investment sum of approximately $734 million, a testament to the company's strategic investment philosophy.

Predictions from Financial Experts

Predictions from Financial Experts

Max Keiser, a well-known Bitcoin proponent, has a bullish outlook on Bitcoin, predicting it could reach $220,000. He points to the rising U.S. national debt as a potential driver for this increase. Similarly, Robert Kiyosaki, author of "Rich Dad, Poor Dad," forecasts Bitcoin could climb to $500,000 by 2025, with $135,000 as the next significant milestone. Kiyosaki also notes the potential impact of a gold-backed currency by BRICS nations on the value of Bitcoin.

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