I just saw the latest update from MicroStrategy, and it turns out Michael Saylor and his team managed to accumulate 17,585 Bitcoin in the first two weeks of April. That means they are adding Bitcoin holdings quite aggressively, now their total Bitcoin has reached 780,897 BTC with a value of around 602 billion dollars based on the current BTC price of 77.23K.

What’s interesting is the concept of BTC Gain that Michael Saylor created as a metric to measure value creation. This is not traditional profit in the usual accounting sense, but more about how many Bitcoins per share they gain from their fundraising strategy. So every time they issue shares or convertible bonds, the proceeds are immediately used to buy more Bitcoin.

Michael Saylor’s strategy is quite unique; he basically treats Bitcoin as a standard to measure performance, not dollars. In just the last two weeks, they managed to add 17,585 BTC which, at the current price, is worth around 1.356 billion dollars. If this trend continues, MicroStrategy’s position as the largest corporate Bitcoin holder will become even stronger. It’s interesting to watch how this develops going forward.