MicroStrategy Now Holds Over $14 Billion in Bitcoin After Recent Buying Spree, More Than Any Other Public Company
• MicroStrategy has accumulated 205,000 Bitcoin, now worth $14.7 billion. This is more than all other publicly tracked corporate Bitcoin treasuries combined.
• MicroStrategy founder Michael Saylor said the company plans to hold the Bitcoin for 100 years. He said the crash from $66K to $16K "shook out the tourists" and "non-believers."
• MicroStrategy now holds more Bitcoin than the trust backing the iShares Bitcoin ETF. But the ETF could surpass MicroStrategy if buying continues at its current pace.
• MicroStrategy raised $800 million through a stock offering to buy more Bitcoin, up from the originally planned $600 million. The offering was upsized due to high demand.
• MicroStrategy's stock price has surged over 100% in the past month to $1,504 per share, likely helped by Bitcoin's price rally and the company's continued Bitcoin accumulation.