MicroStrategy’s Bitcoin Stash Now Worth More Than the Entire Company
MicroStrategy's Bitcoin holdings, currently worth $66 billion, have surpassed the company's market capitalization of $64 billion. Meanwhile, 95% of all Bitcoins that will ever exist have already been mined. Michael Saylor, the company's CEO, has plans for his Bitcoin fortune post his death.
Michael Saylor, a prominent Bitcoin advocate, has expressed his intention to leave his Bitcoin fortune to civilization upon his death, following the example set by Bitcoin's creator, Satoshi Nakamoto. However, according to public statements and legal arrangements, in case of his death, his Bitcoin fortune would go to his family, particularly his wife and children, unless otherwise specified in his will.
Currently, buying shares of MicroStrategy (MSTR) offers an opportunity to acquire Bitcoin at a discount, as the stock is trading at its lowest level in a year. This is due to the company's significant Bitcoin holdings, which now exceed its market capitalization. The price of Bitcoin itself has been relatively stable in recent weeks, with minor recoveries followed by corrections.
The mainstream adoption of Bitcoin is gaining momentum, driven by factors such as spot ETFs, corporate treasuries, and national Bitcoin reserves. Despite recent price fluctuations, Bitcoin's value and potential continue to attract investors, as seen in MicroStrategy's Bitcoin holdings.
