Michael Saylor recently reviewed Strategy's Bitcoin strategy over the past few years. The company disclosed that when the market weakened significantly in 2022, Strategy faced considerable financial pressure, but continued to raise funds and increase its Bitcoin holdings thereafter.
It was at a low point in 2022.
Saylor stated that when he made the remarks in October 2022, the price of Bitcoin was around $20,000, and Strategy held approximately 130,000 BTC at the time, which was worth about $2.6 billion at the time.
He also mentioned that, after the stock split, MSTR's share price was around $24 at the time. In the following weeks, Bitcoin fell further, briefly dipping below $16,000, increasing the pressure on the company.
Continue to increase holdings despite debt pressure
According to Saylor, in the market environment at the time, Strategy's debt was once about $300 million higher than the combined value of its Bitcoin holdings and cash reserves.
Despite this, the company did not change its long-term direction, but continued to advance its Bitcoin buying program. Saylor stated that Strategy subsequently raised more than $60 billion in new capital, which it used to expand its Bitcoin holdings.
Holdings increased to 846,000 BTC.
According to its disclosure, Strategy has added more than 716,000 BTC since 2022, and its total holdings now exceed 846,000 BTC.
- Holding approximately 130,000 BTC in October 2022.
- Subsequently, more than 716,000 BTC were purchased.
- Current total holdings exceed 846,000 BTC.
This means that Strategy's Bitcoin reserves have increased significantly from approximately 130,000 in 2022, further reinforcing its Bitcoin-centric corporate treasury strategy.
