Michael Saylor’s Strategy, formerly known as MicroStrategy, has often made headlines, drawing both praise and criticism for its bold approach to Bitcoin (BTC) investments. Despite facing challenges, including a class action lawsuit accusing the firm of misleading investors, it remains unwavering in its commitment to acquiring BTC. Since adopting this strategy, the company has consistently increased its Bitcoin holdings, becoming one of the largest corporate holders of the cryptocurrency.
Michael Saylor, the founder and a prominent Bitcoin advocate, has repeatedly urged the community and investors to embrace Bitcoin, referring to it as a revolutionary asset. His bullish stance on Bitcoin’s future value has stirred significant attention. Recently, Saylor made a bold prediction, claiming that Bitcoin could reach a staggering $13 million per coin by the year 2045.
This raises an intriguing question: what would happen if an investor mirrored Strategy’s approach and made a calculated investment in Bitcoin today?
Is Bitcoin Ready to Skyrocket? How $2,000 Could Change Your Life
At the time of writing, Bitcoin was trading at $106,352.51, reflecting a 1.09% increase over the past 24 hours. Earlier today, the cryptocurrency hit a low of $104,206.52 before climbing to a high of $108,024.36. Currently, the world’s largest cryptocurrency is now just 2.51% below its all-time high of $109,114.88.
MicroStrategy entered the Bitcoin market years after the cryptocurrency’s launch in 2009. The company, led by Michael Saylor, began its Bitcoin investment journey in August 2020. At the time, MicroStrategy made headlines with its bold move, purchasing 21,454 BTC at a cost of $250 million.
Since then, the firm has consistently built its Bitcoin holdings through multiple acquisitions. Its most recent purchase involved 7,390 BTC, acquired at a price of $765 million. As of now, MicroStrategy holds a staggering 576,230 BTC, making it one of the largest corporate holders of Bitcoin globally.
In August 2020, MicroStrategy made its first Bitcoin purchase, with an average price of $11,654. An investment of $3,000 at that time would now be worth approximately $27,153.64—a remarkable 900% return in under five years. If an investor had invested more, the returns would have been significantly higher.
Also Read: Bitcoin (BTC) to $135k: Here’s Why a Major Surge Could Be Coming
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
