MicroStrategy’s BTC Investment Surpasses $10 Billion
With a total of 190,000 Bitcoins, MicroStrategy’s investment in BTC has exceeded $10 billion. This milestone was achieved as BTC broke above $50k, reinforcing the company’s strong belief in the long-term value of the asset and its ability to serve as a hedge against inflation.
MSTR Down, BTC Up
Despite a decline in Q4 revenue and gross profit, MicroStrategy’s BTC holdings have grown significantly. The company has consistently increased its holdings over the years, even during the bear market in early 2022. In January alone, the executive chairman, Michael Saylor, announced the acquisition of an additional 850 BTC for $37.2 million.
Even with a 16% decrease in MSTR’s stock since Bitcoin ETFs launched, Saylor expressed willingness to sell his personal MSTR shares to buy more BTC. MicroStrategy made the decision to switch from government securities and bonds to bitcoin due to its superior returns. Its holdings now exceed those of all nine newly launched Bitcoin ETFs combined.
ETFs Behind Bitcoin Mania
The crypto market reached a total capitalization of $2 trillion on Thursday, fueled by renewed interest in altcoins and Bitcoin tapping $52k. Market observers attribute much of Bitcoin’s recent rally to the increased interest and investment in ETFs.
Inflows into Bitcoin ETFs have surpassed $2.2 billion over the past week, with BlackRock driving around 82% of these inflows and having over $5 billion in total value locked (TVL).
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