Purchase Bitcoin, Not MicroStrategy, If You Want Bitcoin Exposure
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After gains of 346% in 2023 and about 360% in 2024 for an overall simply under 2,000% for 2 years, it is beneficial to think about the premium MicroStrategy's shares are costing versus its bitcoin holdings.
MicroStrategy revealed on August 11, 2020, its very first bitcoin purchase where it purchased 21,454 bitcoins for $250 million or approximately $11,653. Over the previous 4 plus years it has actually purchased an overall of 444,262 bitcoins for about $27.7 billion or $62,257 each.
While the last 5 purchases of bitcoin are under-water, the business has actually made about $14.4 billion in earnings or roughly $59 or $51 per share, respectively, depending upon which share count is utilized, 245 million fun...