Strategy, formerly MicroStrategy, marks the sixth anniversary of its first Bitcoin purchase made on August 11, 2020 for approximately $250 million. The company now holds roughly 840,447 BTC, representing nearly a twelvefold increase from its initial stake and approximately 4% of Bitcoin’s maximum supply of 21 million coins. Michael Saylor, who transitioned from CEO to Executive Chairman, has orchestrated this strategy that transformed the software company into a Bitcoin investment vehicle, with an average cost basis in the mid-$70,000s per Bitcoin. This massive accumulation creates a feedback loop with MSTR’s stock price, enabling further Bitcoin purchases during rallies while exposing shareholders to significant dilution.
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