Michael Saylor · Strategy · Bitcoin · NewsBTC
Saylor Confirms Strategy Rolled out More Than 716,000 BTC Since 2022 Balance Sheet Stress
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Key facts
- When the reporter gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted
- Weeks later, after Bitcoin dropped below $16,000, Saylor said Strategy’s debt exceeded the combined value of its Bitcoin and cash reserves by roughly $300 million
- Saylor said Strategy has raised more than $60 billion of additional capital since then and invested it in Bitcoin, adding more than 716,000 BTC
- Michael Saylor has returned to one of the most dramatic periods in Strategy’s Bitcoin bet, contrasting the company’s 2022 balance sheet stress with what he says is now a much stronger reserve position
Summary
Michael Saylor has returned to one of the most dramatic periods in Strategy’s Bitcoin bet, contrasting the company’s 2022 balance sheet stress with what he says is now a much stronger reserve position. When the reporter gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Michael Saylor said Strategy has added more than 716,000 BTC since its difficult 2022 drawdown period. He said the company has raised over $60 billion of additional capital and invested it in Bitcoin.