Michael leaned again, a glimmer of satisfaction crossing his face as he scanned the newest numbers. One other Bitcoin buy — 15,350 cash — had simply pushed MicroStrategy’s complete holdings to a jaw-dropping 439,000 BTC, price practically $46 billion. This wasn’t simply an funding technique; it was his ardour, his perception that Bitcoin represented one thing much more important than a typical company asset.
The previous three years had been nothing wanting a rollercoaster. MicroStrategy had raised an unimaginable $42 billion via a mixture of fairness and debt choices, with one singular focus: shopping for Bitcoin. Whereas many business veterans raised their eyebrows, Saylor noticed one thing they didn’t — a possible safeguard in opposition to financial uncertainty that went past conventional monetary considering.
The market’s response was electrical. MicroStrategy’s inventory value exploded, climbing over 600% in simply twelve months. Traders had been buzzing, torn between amazement and skepticism. Was this good monetary engineering or an elaborate high-wire act? To some, it felt like discovering a hidden cheat code within the advanced sport of company finance.
Different firms started watching carefully. The Bitcoin pattern was spreading, with companies throughout completely different sectors begin to see cryptocurrency as greater than only a…