Michael Saylor’s bitcoin accumulation strategy reached its five-year mark on Monday, with Strategy announcing a fresh purchase of 155 BTC for $18 million. The buy brings the company’s total holdings to 628,946 BTC, valued at nearly $76 billion, or about 3% of bitcoin’s fixed supply.

Five-Year Gains Outpace Bitcoin

Strategy adopted Bitcoin as its primary treasury asset in August 2020. Since then, its stock has gained more than 3,000%, averaging 100% annual returns, compared to bitcoin’s 1,000% increase. The company funded its purchases through $46 billion in equity and credit, including $8.2 billion in convertible debt and four perpetual preferred stock offerings.

MSTR is now among the most actively traded U.S. equities. It records $4.4 billion in daily share volume, just behind Google’s $4.9 billion, and has $90 billion in open interest in options, second only to Google’s $99 billion. The company’s market cap stands at $112 billion.

Corporate Bitcoin Holdings Expand

Saylor’s approach has influenced other companies to adopt bitcoin in their treasuries. Publicly listed firms now hold a combined 964,314 BTC, much of which is financed through capital raises following Strategy’s model.

Expect ongoing updates as this story evolves.

This article was written by Jared Kirui at www.financemagnates.com.CryptoCurrencyRead More

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