Michael Saylor reflects on the "Bitcoin Bet": Strategy's holdings expand to 840,000, reserve net worth exceeds debt by $48 billion

Odaily reports that Michael Saylor posted a review on X platform regarding Strategy's Bitcoin strategy journey, stating that when the related speech was delivered in October 2022, Bitcoin's price was around $20,000. At that time, Strategy held 130,000 BTC, worth approximately $2.6 billion, and the stock MSTR (adjusted for stock split) was priced around $24.

Michael Saylor noted that a few weeks later, Bitcoin fell below $16,000, and the company's debt once exceeded the total value of its BTC and cash reserves by about $300 million. MSTR's share price also dropped to around $13 by the end of 2022. Strategy then persisted with its Bitcoin strategy, strengthened company operations, and continued to raise funds for BTC investments. Since 2022, the company has raised over $60 billion in new capital, used to purchase Bitcoin, adding more than 716,000 BTC to its holdings.

Michael Saylor stated that the value of BTC and dollar reserves currently held by Strategy is approximately $48 billion higher than the company's debt. He expressed gratitude to the long-term supporting investors and indicated that the company will continue to adhere to a long-termist strategy in the future.