Michael Saylor reviews "the big bitcoin bet": Strategy's holdings expand to 840,000 bitcoins, reserve net value leads debt by $48 billion

Odaily reported that Michael Saylor posted on X, looking back at Strategy’s Bitcoin strategy journey. He noted that in October 2022, when he delivered a related speech, the Bitcoin price was around $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and the MSTR stock (split-adjusted) was about $24.

Michael Saylor stated that weeks later, Bitcoin fell below $16,000, and the company’s debt briefly exceeded the combined value of its BTC and cash reserves by roughly $300 million. By the end of 2022, the MSTR stock price fell to around $13. Strategy then continued to execute its Bitcoin strategy, strengthened company operations, and kept raising funds to invest in BTC. Since 2022, the company has raised more than $6 billion in new capital, which was used to buy Bitcoin, increasing its holdings by over 71,600 BTC.

Michael Saylor said that currently, the value of Strategy’s BTC and dollar reserves exceeds the company’s debt by about $4.8 billion. He thanked long-term investors for their support and stated that the company will continue to adhere to a long-term strategy in the future.