Hong Kong Singularity Finance reported on September 13. This Friday (September 13), Michael Saylor, the founder of MicroStrategy, announced a major investment move. The company once again spent $1.1 billion to increase its holdings of Bitcoin. This move subsequently triggered a warm response from the market, pushing the company's stock price up by more than 8%.
This week, MicroStrategy's stock price continued to rise, with a cumulative increase of 24%, and the increase so far this year is even more amazing, soaring 124%. Saylor shared this important information on the social media platform X, and revealed that MicroStrategy's average cost of buying Bitcoin in the past four years was about $38,585 per coin. Compared with the current Bitcoin trading price of nearly $60,000, this average cost has undoubtedly brought MicroStrategy considerable floating profits.
As of now, the total amount of Bitcoin held by MicroStrategy has reached an astonishing 244,800 pieces, which is worth as much as $14.6 billion at current market prices. This huge number not only makes MicroStrategy a giant in the Bitcoin field, but also makes the value of its main business - enterprise software and cloud services - largely obscured by its Bitcoin holdings.
In a post published on Friday, Saylor revealed a striking data: the company's "Bitcoin yield" indicator has achieved a strong growth of 17% this year. Saylor further elaborated on MicroStrategy's vision in an interview with CNBC: "We are committed to becoming a bridge connecting traditional mainstream investors with the Bitcoin world, and by providing diversified Bitcoin investment opportunities, more people can participate in this revolutionary asset class." He emphasized that MicroStrategy's mission is to securitize Bitcoin, lower the investment threshold, and promote the popularity and acceptance of Bitcoin.
Despite the rise in stock prices this week, MicroStrategy's stock price has still retreated from its high in March, down about 26%. At the close of Friday, the stock price was fixed at $141.47. However, compared with the performance of Bitcoin itself, MicroStrategy's performance is obviously better. Although the price of Bitcoin has risen by 35% this year, MicroStrategy has achieved returns far exceeding the market through its unique investment strategy.
Saylor pointed out that holding MicroStrategy stock is actually a way to invest in Bitcoin indirectly, with multiple advantages. He explained: "Not everyone is willing or able to hold Bitcoin directly, and MicroStrategy provides a more flexible and diverse investment option. Investors can not only share the growth dividend of Bitcoin through us, but also enjoy additional leverage and potential downside protection."
He further added: "For investors who want to capture Bitcoin market opportunities and want more security and flexibility, MicroStrategy is undoubtedly an ideal choice. We are working hard to become their reliable partner to the world of Bitcoin."