Michael Saylor reviews Bitcoin strategy: Strategy asset reserves are approximately $48 billion higher than debt

Michael Saylor posted a review of Strategy's Bitcoin strategy journey, stating that in October 2022, when he gave a related speech, the price of Bitcoin was around $20,000. At that time, Strategy held 130,000 BTC, valued at approximately $2.6 billion, and the stock price of MSTR (after stock split adjustment) was about $24. A few weeks later, Bitcoin fell below $16,000, and the company's debt once exceeded the total value of BTC and cash reserves of about $300 million, with MSTR's stock price also dropping to around $13 by the end of 2022. Strategy then insisted on executing the Bitcoin strategy, strengthening company operations, and continuously financing to invest in BTC.

Since 2022, the company has raised over $60 billion in new capital, which has been used to purchase Bitcoin, increasing its holdings by over 716,000 BTC. Currently, the value of BTC and cash reserves held by Strategy is approximately $48 billion higher than the company's debt, and it will continue to adhere to a long-term strategy in the future.