MicroStrategy is a big data analysis and business intelligence software solutions company. Founded in 1989, MicroStrategy provides software solutions to meet data analysis needs of many large companies worldwide. MicroStrategy’s client portfolio includes finance, healthcare, retail, telecommunications companies, and government agencies. MicroStrategy is a pioneer in mobile business intelligence. The company has developed a mobile app that provides optimized customer experience for mobile devices and performs data analysis and reporting functions. MicroStrategy’s business intelligence software allows for quick and easy analysis of large data sets. It includes several features such as data exploration, reporting and analysis, mobile app and cloud-based services.
Who Is Michael Saylor?
Michael Saylor, an American businessman, was born on February 4, 1965 in Lincolnwood, Ohio. Saylor studied computer science at MIT and graduated in 1987. Saylor is an entrepreneur and co-founder of the software company MicroStrategy. He was the CEO of the company for nearly 33 years but announced that he would step down in Q3 of 2022. Today, Saylor serves as Chairman of the Board.
Aside from the success of MicroStrategy, Saylor is known for his interest in Bitcoin and other cryptocurrencies. In 2020, his company began investing in Bitcoin with an investment of approximately $425M and subsequently increased that amount to billions of dollars. Saylor has become one of the biggest Bitcoin advocates. Saylor is also an author and speaker. He gives talks on topics such as business management, technology, cryptocurrencies, and digital asset management. He is also the author of The Mobile Wave: How Mobile Intelligence Will Change Everything.
MicroStrategy Bitcoin Treasury
Michael Saylor, who had a keen interest in business strategy and finance and specialized in business strategy during his time at the Federal Group, founded his own company in 1989. His company, MicroStrategy, had an IPO (Initial Public Offering) in 1998, which is a milestone for the company. The company, which has increased its popularity with its IPO, draws attention with its interest in Bitcoin and cryptocurrencies today.
Source: Bitexen Research
MicroStrategy first added Bitcoin to its treasury in 2020 and publicly purchased BTC several times until 2023. The company first added 21,454 BTC, which was worth $250M, to its treasury in 2020. MicroStrategy made its largest Bitcoin purchase in December 2020 with 29,646 BTC. MicroStrategy added a total of 70,440 BTC to its treasury in 2020. The company made its largest Bitcoin purchase of 2021 with 19,452 BTC in February 2021. In 2021, the company added a total of 53,921 BTC to its treasury.
MicroStrategy made its largest Bitcoin purchase of 2022 with 4,167 BTC in May 2022. In 2022, the company added a total of 8,109 BTC to its treasury.
In Q1 2023, MicroStrategy added 7,500 BTC to its Bitcoin treasury.
The table below shows the details of MicroStrategy’s Bitcoin purchases between 2020–2023.
Source: buybitcoinworldwide.com
MicroStrategy made its most valuable purchase in terms of USD value on February 24, 2021 by purchasing approximately $1B worth of BTC. Since the company spreads BTC purchases over time, the dollar average is around $30,000. With the latest purchase, MicroStrategy holds approximately 140,000 BTC (approximately $4.17B) in its treasury. Moreover, MicroStrategy’s BTC portfolio, which has been in a loss since June 2022, has made a profit for the first time.
MicroStrategy has sold BTC only once so far. At the end of 2022, the company sold part of its assets solely for tax benefits. According to a statement the company made in December 2022, MicroStrategy sold 704 BTC for about $11.8M for tax purposes after buying 2,395 BTC for about $42.8M.
The company also stated that it holds all Bitcoin purchases it has made since 2020 in its reserves and considers these purchases a long-term investment. Michael Saylor has been openly expressing the company’s stance on Bitcoin and his positive views on the future of the cryptocurrency at every opportunity. MicroStrategy’s investments in Bitcoin over time are a major driver of recent stock (NASDAQ: MSTR) price performance. The company may sell BTC and purchase different assets in the future, but as of now, no statements have been made about this possibility.
