MicroStrategy, which its founder Michael Saylor has now turned into a “Bitcoin company”, has managed to reap the rewards of its persistent investments over 4 years. The company, which has been continuously purchasing with the dollar cost averaging tactic and has increased its BTC holdings to over 250 thousand, has also exceeded 100% in profit.

The value of the BTCs held by the company, which has recently become one of the biggest options for indirect investment in Bitcoin, has exceeded 20 billion dollars. The company had spent a total of 9 billion dollars on Bitcoin purchases.

Purchases made 42 times

The company, which started its purchases in August 2020, has purchased Bitcoin 42 times so far. The company’s average purchase was 39 thousand 292 dollars. Following MicroStrategy, which currently holds 20 billion dollars worth of BTC, are Marathon Digital with 2.1 billion dollars and RIOT with 840 million dollars. Both companies are engaged in Bitcoin mining. Marathon Digital also accepted Bitcoin as a reserve asset in recent months.

Sharing the chart below yesterday, Saylor said, “New green dots need to be added,” indicating that he wants to buy more.

In many interviews, Saylor states that Bitcoin should be held for at least 4 years, 10 years and more in the medium term, and “should be” forever.

More increases may come in stocks

MicroStrategy stocks have increased by 290% since the beginning of the year and 440% in the last year.

MSTR stocks are expected to open with increases today, along with Bitcoin exceeding $80,000. It is also known that many institutions and companies that have been reluctant to directly buy Bitcoin recently have purchased MSTR stocks.