Proofofworkau on Nostr: I don't think the market understands the magnitude of MicroStrategy's Bitcoin ...
I don't think the market understands the magnitude of MicroStrategy's Bitcoin playbook since August 2020.
From the year 2000 to 2019, their largest net profit year was 2015, when they generated $105 million. However, there were far more challenging years than profitable ones.
Their average net income from 2000 to 2019 was $32 million, and that only accounts for the positive years. If we factor in the negative years, the business was essentially a zombie company—everything that came in revenue-wise went out expense-wise.
Post-2000, after the accounting scandal and restatement, MicroStrategy likely faced years of financial recovery and stabilization.
In 2019, their market value was $1.4 billion.
COVID was a stake in the heart that pushed
@saylor
to the corner of a dark place.
"Kill the business or take a risk."
Saylor found Bitcoin through pain and survival.
Bitcoin was birthed on the back of the GFC, pain, and for some unfortunate people, survival.
MicroStrategy's first Bitcoin purchase was on the 11th of August 2020 for $250 million at an average price of $21,454 per Bitcoin.
Fast forward to 2025:
👉MicroStrategy is the largest business holder of Bitcoin, with today’s purchase taking them to 461,000 Bitcoin.
👉Their Bitcoin holdings are worth over $48 billion.
👉Their unrealized net profit from their Bitcoin holdings is $19 billion.
👉Their market value is now $95 billion—67x larger or up 6,700% from what it was in August 2020.
👉And for every 1% price move to the upside on Bitcoin, they generate 5.6 years of net income.
👉Their Bitcoin unrealized profits alone have generated 586 years of net income for the business.
From the year 2000 to 2019, their largest net profit year was 2015, when they generated $105 million. However, there were far more challenging years than profitable ones.
Their average net income from 2000 to 2019 was $32 million, and that only accounts for the positive years. If we factor in the negative years, the business was essentially a zombie company—everything that came in revenue-wise went out expense-wise.
Post-2000, after the accounting scandal and restatement, MicroStrategy likely faced years of financial recovery and stabilization.
In 2019, their market value was $1.4 billion.
COVID was a stake in the heart that pushed
@saylor
to the corner of a dark place.
"Kill the business or take a risk."
Saylor found Bitcoin through pain and survival.
Bitcoin was birthed on the back of the GFC, pain, and for some unfortunate people, survival.
MicroStrategy's first Bitcoin purchase was on the 11th of August 2020 for $250 million at an average price of $21,454 per Bitcoin.
Fast forward to 2025:
👉MicroStrategy is the largest business holder of Bitcoin, with today’s purchase taking them to 461,000 Bitcoin.
👉Their Bitcoin holdings are worth over $48 billion.
👉Their unrealized net profit from their Bitcoin holdings is $19 billion.
👉Their market value is now $95 billion—67x larger or up 6,700% from what it was in August 2020.
👉And for every 1% price move to the upside on Bitcoin, they generate 5.6 years of net income.
👉Their Bitcoin unrealized profits alone have generated 586 years of net income for the business.