MicroStrategy's Bitcoin Strategy Pays Off, Company's Crypto Holdings Surge
MicroStrategy's aggressive Bitcoin investment strategy yields significant gains, with its holdings now valued at over $12 billion.
- MicroStrategy, led by Michael Saylor, sees its Bitcoin holdings reach a value of $12.24 billion as the cryptocurrency's price surpasses $60,000.
- Saylor's personal wealth increases by $700 million in just three days, thanks to the surge in Bitcoin and MicroStrategy's stock.
- The company has acquired an additional 3,000 Bitcoins, bringing its total holdings to about 193,000 BTC, worth close to $12 billion.
- Benchmark predicts a $990 high for MicroStrategy's shares and foresees Bitcoin rallying to $125,000 by the end of 2025.
- Saylor remains bullish on Bitcoin, stating 'Bitcoin is the exit strategy' and indicating no plans to sell the firm's substantial BTC stash.