Five years ago, Michael Saylor’s MicroStrategy made a daring move — shifting its capital allocation strategy to Bitcoin. On August 11, 2020, the company purchased 21,454 BTC for $250 million, marking the start of a historic transformation.
Since then, MicroStrategy — now rebranded as Strategy — has acquired 628,791 BTC worth $46 billion, the largest Bitcoin stash held by any public or private company. This bold accumulation helped its stock soar over 2,595% in five years, climbing from under $15 to over $395.
Once stagnant for two decades after the dot-com crash, Strategy’s revival is tightly tied to Bitcoin’s price swings. With plans to raise $84 billion to buy even more BTC, Saylor remains unapologetically bullish, famously saying: “If you don’t stop buying Bitcoin, you won’t stop making money.”
Conclusion:
Strategy’s rise shows how one radical decision can completely redefine a company’s trajectory.
Takeaways:
Strategy holds 628,791 BTC worth $46B.
Shares surged 2,595% since 2020.
Plans to raise $84B for more Bitcoin buys.
Source: Cointelegraph
