The strategy marks five years since its first purchase of Bitcoin, a decision that helped its stock market reach almost 2,600% since 2020 and rekindled it from a 20 -year -old lull.
Microstrategy Inc., which is now doing business as a strategy, bought its first batch of Bitcoin (BTC) on August 11, 2020, spending 250 million dollars to recover 21,454 BTC in what the founder Michael Saylor called his “new capital allowance strategy”.
The company has since spent a total of $ 46 billion by buying 628,791 BTC, the largest Bitcoin holdings among any public or private company, and has inspired other companies to copy its Bitcoin purchases.
These purchases have propelled microstrategy shares, Inc. (MSTR) to earn more than 2,595% in the past five years, after closing on Friday at more than $ 395, against less than $ 15, it was negotiating half a decennia.
Today marks 5 years since we adopted a $ BTC strategy. pic.twitter.com/wza1njges1
– Strategy (@strategy) August 10, 2025
The strategy has undergone an accounting scandal
Saylor founded the strategy in 1989, and the company still sells commercial analysis software and consulting services.
The strategy was a darling of the Dot-Com bubble of the mid-1990s, where companies linked to the value of the world again and largely adopted in value; He made his debut on the Nasdaq in the middle of 1998.
The actions of the strategy have climbed in the coming years and have reached a closing summit of $ 313 in early March 2000, which would remain its advanced price for 24 years as later this month, the strategy admitted that an examination of its accounting practices had revealed that it had overestimated its income for 1998 and 1999.
Its share price fell by more than 60% per day with the announcement and led to a series of prosecution, which many consider a pivotal event to burst the Dot-Com bubble.
The Securities and Exchange Commission accused the strategy, Saylor and other fraud leaders and they then settled without admitting reprehensible acts and paid millions of fines.
Bitcoin Recred Strategy Share 20 year old Flatline
The course of the strategy action did not recover after the accounting saga and briefly plunged as low as less than 50 cents, but mainly floated between $ 10 and $ 20 for the next 20 years.
Then, he started buying Bitcoin, which helped his stock market less than quadruple in the 12 months after his first purchase at more than $ 70, because cryptocurrency increased from $ 11,500 to $ 50,000 during the same period.
The vast holdings Bitcoin de Strategment mean that its share price follows largely the ups and downs of the cryptocurrency, and it took 24 years for the actions of the company to beat its peak from March 2000, after MSTR closed its doors on November 11, 2024, at $ 340, the same day, Bitcoin crossed $ 80,000 for the first time.
What is the next step for strategy and Bitcoin?
Saylor said in May that the strategy will seek to raise $ 84 billion over the next two years, mainly to continue buying bitcoin.
The company uses a variety of ways of raising capital, such as convertible debt tickets and stock sales, to supply its Bitcoin purchases.
In relation: Michael Saylor does not sweat the rise of Ethereum cash companies
He is currently sitting on an unrealized profit of approximately $ 28.8 billion in Bitcoin investments, according to strategytracker data. The strategy has declared in regulatory disclosure that it could sell its assets to reimburse billions of dollars in debts.
On Sunday, Saylor has published a graph showing that Bitcoin’s past buying X, adding: “If you don’t stop buying Bitcoin, you don’t stop making money.”
Similar articles have preceded a strategy announcing other Bitcoin purchases. The company bought Bitcoin for the last time on July 29, by picking up 21,021 BTC.
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