Due to the ongoing bitcoin price increase, the value of the total holdings of Microstrategy’s digital assets has increased by 100%. In particular, the company has seen the value of its initial catch of 38,250 coins grow to more than $ 1.3 billion of the $ 425 million spent.
Market capitalization by almost 200%
The growth in value of Microstrategy’s digital assets comes on the back of a new record-breaking start to the year for bitcoin. At the moment of writing, BTC trades at just over $ 34,000 with nearly 75% dominance of the crypto market.
In the meantime, the recent ones will follow BTC performance, the value of the shares of this Nasdaq-listed company has increased from just under $ 135 registered on August 11 to $ 388.55 at close of trading on December 31. As a result, Microstrategy’s market cap has increased from $ 1.3 billion to $ 3.6 billion, which is approximately 187% growth in less than 6 months.
Microstrategy initially bought 21,454 BTC on August 11 before adding another 16,796 on September 14 to complete this first round of buying. Since then, the company has been publicly traded BTC holds 70,470 coins. At the time of writing, it was listed company BTC the stakes were valued at nearly $ 2.4 billion.
In December 2020, News.bitcoin.com reported that Microstrategy had used a total of $ 1.125 billion to purchase the 70,470 coins, meaning the company’s digital assets have now more than doubled in value.
BTC acquisition of Bolsters Square Inc
Likewise, another Nasqad-listed firm, Square Inc, has that announced her BTC acquisition in early October, the value of its holdings has more than tripled in value. The company used $ 50 million to acquire a total of 4,709 coins that are now valued at $ 160 million. Additionally, the value of Square’s stock is up 18.5% from its Oct. 8 value of $ 183 to close the year at $ 217.
In the meantime, we follow Microstrategy and Square’s BTC acquisitions, many more listed companies now have bitcoin. For example, according to the website tracks companies offering their BTC owned, about 29 such organizations now have about 1,151,618 coins in all.
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