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Strategy Bitcoin Strategy: From Crisis to Significant Returns, Company Asset Reserves Exceed Debt by About $48 Billion
June 20th News, Michael Saylor posted a review of Strategy's Bitcoin strategy development process, showcasing the full trajectory from lows to success.
He recalled that in October 2022, when he gave a related speech, Bitcoin was priced at about $20k, and Strategy held 130k BTC, worth approximately $2.6 billion, while the price of MSTR stock (post-split adjustment) was about $24.
However, a few weeks later, Bitcoin briefly fell below $16k, and Strategy faced severe challenges, with the company's debt exceeding the combined value of BTC and cash reserves by about $300 million. MSTR's stock price dropped to around $13 by the end of 2022.
In the face of adversity, Strategy did not waver but persisted in executing its established Bitcoin strategy. The company also strengthened operational management and continued financing, constantly investing funds to buy BTC.
Since 2022, Strategy has raised over $60 billion in new capital, all used to purchase Bitcoin, with new holdings exceeding 716k BTC.
Today, Strategy's persistent strategy has yielded significant returns. The current value of the company's BTC and USD reserves exceeds its debt by about $48 billion, successfully transforming from a debt crisis to a wealth of assets.
In summary, this process fully demonstrates the value of a long-term strategy and lays a solid foundation for Strategy's future development.
Looking ahead, Strategy states it will continue to adhere to a long-term strategy and further deepen its Bitcoin reserve strategy.
#Strategy # Bitcoin Reserves