MicroStrategy, a US listed company, has always been a firm believer in Bitcoin. In its Q2 financial report released in early August, it showed an increase in its holdings of 12,800 Bitcoins, and revealed in its prospectus that it may continue to increase its holdings of Bitcoin.

Last night (11th), MicroStrategy CEO Michael Saylor tweeted about MicroStrategy’s experience of purchasing Bitcoin three years ago.

MicroStrategy bought Bitcoin at an average price of $11,653 on August 11, 2020

According to Michael Saylor’s tweet, yesterday was the third anniversary of MicroStrategy’s announcement of adding Bitcoin as an asset reserve. The company spent $250 million to purchase 21,454 Bitcoins at the time:

Three years ago today, MicroStrategy announced that it would use Bitcoin as its main reserve asset and purchased 21,454 bitcoins for $250 million, with each bitcoin equivalent to approximately $11,653.

Saylor also attached the changes of various mainstream assets/indices in the three years after MicroStrategy purchased Bitcoin at the end of the article, including:

  • MicroStrategy US stocks MSTR rose 206%

  • Bitcoin up 145%

  • S&P 500 up 33%

  • Nasdaq rose 25%

  • Gold fell 5%

  • Bond price fell 18%

  • Silver fell 19%

It can be seen that precious metals with "safe haven properties" have experienced varying degrees of decline in the past three years, while the mainstream US stock index has risen by nearly 10% per year. Bitcoin has taken the lead with a 145% increase, and MSTR, which has heavily bet on Bitcoin, has also made a lot of money, and has also achieved a more than 200% increase in stock prices.

MicroStrategy currently holds 152,000 Bitcoins

The financial report at the beginning of the month showed that as of July 31, MicroStrategy held 152,800 bitcoins, with a total cost of US$4.53 billion and a unit cost of US$29,672. The current Bitcoin price is also fluctuating in this range.

CoinMarketCap data shows that at the time of writing, Bitcoin was quoted at $29,340, slightly lower than MicroStrategy's average holding price. However, even so, MSTR still relied on the title of "Bitcoin concept stock" to rise nearly 200% in this year's sharp rebound in Bitcoin.