Discharge of responsibility: The analyst who wrote this article has actions in strategy.
Strategy (Mstr) He adopted a Bitcoin standard five years today, on August 11, 2020, with its first purchase of 21,454 BTC for $ 250 million. The acquisition marked a historical change in the corporate treasure strategy.
Until that time, the former AI and Software Development Company had seen the price of its stagnant action for two decades after the technology of early 2000, falling more than 95% since its peak.
However, since August 2020, MSTR has delivered average annual yields of 100%, which aggravates more than 3,000% of cumulative profits, while Bitcoin has returned almost 1,000% during the same period.
To finance its accumulation of BTC, the company has employed various strategies, raising $ 46 billion through capital and credit, which includes $ 8.2 billion in slope convertible debt and four offers of perpetual preferred shares, Strk, Strf, Strd and Strc, designed to attract different segments of the yield curve.
Continue fresh purchases
The company on Monday morning revealed the purchase of another 155 BTC for $ 18 million, a fairly small weekly purchase, but nevertheless, it took its total of Stoack at 628,946 coins valued at approximately $ 76 billion. Which represents 3% of the fixed supply of 21 million bitcoin. With an average cost of approximately $ 74,000 per BTC, the company is in unrealized profits of approximately $ 30 billion, or 65%.
Mstr is today one of the most actively negotiated actions, which publishes $ 4.4 billion in daily negotiation volume just behind Google (Goog) at $ 4.9 billion. The open interest in the MSTR options totals $ 90 billion, also second to Google at $ 99 billion. Despite a market capitalization of $ 112 billion compared to the $ 2.4 billion Google, commercial activity reflects the intense approach to Mstr.
His success has inspired a wave of Bitcoin Treasury strategies among other corporations. The 100 main public companies now collectively have 964,314 BTC, a large part of the same financed through capital increases that follow the Mstr play book.
