MicroStrategy’s Success Secrets Unveiled by Founder Michael Saylor
In a recent tweet, Michael Saylor, the founder and executive chairman of MicroStrategy, shared the key principles that have propelled the company to massive growth in both market cap and share price over the past four years. Let’s dive into the nine key principles that have contributed to MicroStrategy’s success in the world of Bitcoin:
- Buy and Hold: MicroStrategy’s strategy involves buying and holding Bitcoin indefinitely, exclusively, and securely.
- Long-Term Value: The company prioritizes long-term value creation for MSTR common stock.
- Investor Relations: MicroStrategy treats all investors with respect, consistency, and transparency.
- Leverage: The company structures itself to outperform Bitcoin through intelligent leverage.
- Continuous Acquisition: MicroStrategy acquires Bitcoin continually while achieving positive BTC yield.
- Growth: The company aims to grow rapidly and responsibly, considering market dynamics.
- Innovation: MicroStrategy issues innovative fixed income securities backed by BTC.
- Financial Health: The company maintains a healthy, robust, and pristine balance sheet.
- Global Adoption: MicroStrategy promotes global adoption of Bitcoin as a treasury reserve asset.
Recently, MicroStrategy announced plans to raise an astonishing $42 billion over the next three years to purchase more Bitcoin. Currently, the company holds around $18 billion worth of BTC, equivalent to 252,220 Bitcoins.
MicroStrategy’s Bitcoin Transfer to New Wallet
According to @lookonchain analytics, MicroStrategy transferred 1,652 BTC valued at $114.38 million to a newly created BTC wallet. This transfer is just a small part of the company’s total crypto stash, which includes 252,220 Bitcoins purchased at an average price of $39,266 per coin, resulting in an unrealized profit of nearly $8 billion.
Bitcoin’s Current Position
At present, Bitcoin is trading at $69,583, showing a 2.36% loss from its recent high of $71,000. Since reaching a peak of $74,000 on Tuesday, the cryptocurrency has decreased by 5.56% overall.
In conclusion, MicroStrategy’s success in the world of Bitcoin is a result of strategic principles outlined by Michael Saylor. Their commitment to long-term value creation, responsible growth, and global adoption of Bitcoin sets them apart in the financial landscape.
For more insights on MicroStrategy’s Bitcoin success principles, check out the original article on U.Today.