Bitcoin Holdings - MicroStrategy purchased an additional $18 million worth of Bitcoin [1] - MicroStrategy holds almost 3% of the entire Bitcoin supply [1]

💥BREAKING:MICHAEL SAYLOR'S STRATEGY BUYS 155 MORE #BITCOIN FOR $18 MILLION. https://t.co/snVO49Hn43 ...

Strategy has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/bx0814RI1w ...

💥BREAKING:🇺🇸 MICHAEL SAYLOR’S ‘STRATEGY’ NOW HAS OVER $30 BILLION UNREALISED PROFIT ON ITS #BITCOIN PORTFOLIO. https://t.co/PksPXdyGrs ...

Bitcoin Treasury Strategy - Strategy 公司五年前开始其 Bitcoin 国库，最初购买了 250 million 美元的 Bitcoin [1] - 目前持有 629 thousand BTC [1] - 公司股票上涨超过 2,600% [1]

RT Chaitanya Jain (@_ChaitanyaJ)Since adopting bitcoin 5 years ago, @Strategy has:- Raised $46 billion via $BTC-backed equity & credit- Delivered 100% ARR, beating all S&P 500 stocks https://t.co/yNxl7j65mo ...

RT Simon Gerovich (@gerovich)Exactly 5 years ago, @saylor made history with Strategy’s first Bitcoin purchase.On April 8, 2024, Metaplanet became the first company to follow, adopting a Bitcoin standard, and by April 23 we made our first purchase.We acted with courage and conviction when it was far from easy. Today many follow the same path, but back then it took belief in the vision and the will to lead.Together with Strategy, we have inspired a wave of Bitcoin treasury companies, proving Bitcoin can trans ...

Bitcoin Investment - MicroStrategy initiated its Bitcoin investment strategy 5 years ago, purchasing Bitcoin at $11,500 [1] - MicroStrategy currently holds 628,791 BTC [1] - MicroStrategy's unrealized profit on its Bitcoin holdings is $284 billion [1]

Core Viewpoint - The stock of MicroStrategy, now referred to as "Strategy," has significantly outperformed Bitcoin itself, rising 3,000% over the past five years compared to Bitcoin's 870% increase [2][3]. Company Performance - MicroStrategy has accumulated nearly 629,000 Bitcoins as of August 4, making it the largest corporate holder of Bitcoin [6]. - The company's market capitalization has reached $110 billion, allowing it to be included in the Nasdaq 100 index [8]. - In the most recent quarter ending June 30, the company reported a net income exceeding $10 billion, driven largely by its Bitcoin holdings, despite only generating $115 million in revenue [9]. Valuation Metrics - The stock trades at over 200 times its revenue and has an estimated forward price-to-earnings multiple exceeding 1,200, indicating a highly inflated valuation [8]. - The company's unrealized gain from its Bitcoin position was reported at over $14 billion, offset by a nearly $4 billion provision for income taxes [9]. Industry Trends - Other companies are beginning to follow MicroStrategy's investment strategy in Bitcoin, with Trump Media and Technology Group recently purchasing $2 billion in Bitcoin, becoming the fifth-largest corporate holder [5]. - The success of MicroStrategy's approach may encourage more businesses to accumulate significant Bitcoin holdings, potentially impacting the market dynamics [6]. Future Considerations - The volatility of MicroStrategy's stock, driven by its reliance on Bitcoin, raises questions about its future performance and whether it can sustain its current valuation [10]. - Without strong fundamentals, the stock is considered a speculative investment, and its future gains may not mirror past performance [10].

Bitcoin Strategy & Market Trend - MicroStrategy's strategy initiated the crypto treasury trend, with the number of companies capitalizing on Bitcoin increasing from approximately 60 to 160 in the past six months [1][2] - The company views Bitcoin as digital capital, expecting it to outperform the S&P index and regarding it as the clear global monetary commodity [2] - The company believes Bitcoin is the lowest risk, highest return strategy for outperforming the S&P and injecting vitality into balance sheets [3] - Innovation across the crypto economy is beneficial, with a focus on delivering digital asset-backed equity and credit to tap into the hundred trillion dollar plus traditional capital markets [3][4] Unique Asset Offerings - The company holds a substantial Bitcoin stock, valued at approximately $74 billion [6] - The company offers structured Bitcoin products like Strike stock, providing Bitcoin upside, guaranteed dividends, and principal protection [7][8] - The company provides long-duration senior credit instruments called Strife, a 21-year Bitcoin-backed bond with an approximately 85% dividend yield [8] - The company offers high-yield long-duration instruments called Strike, paying approximately 115% dividend yield [9] - The company launched Stretch CRC, a monthly Bitcoin-backed bill with a 9% dividend yield, as a Bitcoin alternative to Treasury bills [9][10] Financing & Investor Base - The company issues convertible notes and preferred stock to fund Bitcoin purchases [11] - Retail demand for the company's preferred stock has been extraordinary, increasing from approximately $30-40 million to $600 million in the last offering [13] - The company's investor base includes retail investors, institutional long investors, and hedge funds [13][14] Bitcoin vs Gold - Bitcoin is considered digital gold, and tariffs on physical gold imports are expected to accelerate the migration of capital from physical gold to digital gold [15][16] - Bitcoin's advantages over gold include its digital nature, lack of weight, and ability to be settled anywhere quickly, making it immune to tariffs [16][17]