Data shows since the end of 2021, there has been a high correlation between MicroStrategy's stock price and Bitcoin price performance, and MSTR is actually betting heavily on the future of Bitcoin.

Maartunn posted that MicroStrategy currently holds 152,800 BTC with an average purchase price of $29,672. The current price of Bitcoin is $25,830, resulting in an unrealized loss of $620,876,000.

MicroStrategy co-founder Michael Saylor said in a recent podcast interview that large companies buying and continuing to centralize Bitcoin should not be a concern for people. Saylor emphasized the inevitability of third-party and corporate involvement in the Bitcoin field. However, he said that there should be no concern about the lack of complete sovereignty. Saylor said, "We need to be prepared for everything for Bitcoin." 

MicroStrategy, a business intelligence company, has marked three years since it first invested in Bitcoin. The company's CEO at the time, Michael Saylor, directed the purchase of 21,454 BTC for $250 million in August 2020, and since then, MicroStrategy has become the largest institutional holder of Bitcoin. As of July 31st, the company holds 152,800 BTC, acquired for $4.53 billion, and its stock has risen over 210% since the announcement of its first Bitcoin purchase. However, the company's stock has also experienced a decline of over 70% from its three-year high in February 2021.

Several crypto-focused companies, including MicroStrategy, Coinbase, Coinshares, Block, and Robinhood, have reported record profits in Q2 2023 following a minor crypto market rally. MicroStrategy increased its BTC holding by 12,333 BTCs, bringing its total BTC holding to 152,800, and recorded a gross profit of $93.3 million. Coinbase posted total revenue of $707.9 million but remained in loss despite the crypto market rally. The positive performance in Q2 2023 has led analysts to speculate that the crypto winter may be over, but the outcome of Q3 will determine the future for many of these companies.

MicroStrategy's Chairman, Michael Saylor, has shared his plans to purchase as much Bitcoin as possible based on market conditions. The company currently holds almost 153,000 Bitcoins, with almost 500 purchased since June 30th. MicroStrategy's acquisition strategy aims to accumulate Bitcoin on behalf of its shareholders, using cash flows, equity, and debt issuances.

MicroStrategy co-founder Michael Saylor is confident that his company will remain an attractive option for investors looking to gain exposure to Bitcoin, even if a spot Bitcoin ETF is approved in the future. Saylor stated that MicroStrategy will continue to add more Bitcoin to its balance sheet, potentially using the proceeds from a planned $750 million share sale.

According to MicroStrategy co-founder, there is a growing consensus among politicians, investors, and regulators that Bitcoin is a unique and valuable international asset. Blackrock CEO Larry Fink expressed confidence in Bitcoin as an asset, which has caused a change in sentiment. MicroStrategy announced profits in Q2 and continued its Bitcoin accumulation, but may face challenges defending its position as the largest institutional holder of BTC. Despite regulatory uncertainty in the US, Bitcoin trading is not contested by regulators and is seen as a "most certain thing" in an uncertain economy, according to Michael Saylor.

MicroStrategy, a business intelligence company and one of the largest institutional holders of Bitcoin, reported a return to profitability in Q2. The company purchased 12,333 Bitcoin in the quarter, the most it has bought in two years, bringing its total holdings to 152,800 BTC worth approximately $4.4 billion.

MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things.