{"id":41496,"date":"2025-08-11T12:17:03","date_gmt":"2025-08-11T12:17:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41496"},"modified":"2025-08-11T12:17:03","modified_gmt":"2025-08-11T12:17:03","slug":"michael-saylors-strategy-adds-18m-of-bitcoin-on-five-year-anniversary-of-first-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41496","title":{"rendered":"Michael Saylor&#8217;s Strategy Adds $18M of Bitcoin on Five-Year Anniversary of First Purchase"},"content":{"rendered":"<div>\n<p><strong><em>Disclaimer: The analyst who wrote this article owns shares in Strategy.<\/em><\/strong><\/p>\n<p>Strategy (MSTR) adopted a bitcoin standard five years ago today, on Aug. 11, 2020, with its <a href=\"https:\/\/www.strategy.com\/purchases\">first purchase<\/a> of 21,454 BTC for $250 million. The acquisition marked a historic shift in corporate treasury strategy. <\/p>\n<p>To that point, former AI and software development company had seen its share price stagnate for two decades after the early 2000 tech boom-and-bust, falling over 95% from its peak.<\/p>\n<p>However, since August 2020, MSTR has <a href=\"https:\/\/x.com\/_ChaitanyaJ\/status\/1954712011969028200\">delivered 100% average<\/a> annual returns, compounding to over 3,000% cumulative gains, while bitcoin itself has returned nearly 1,000% over the same period.<\/p>\n<p>To fund its BTC accumulation, the company has employed diverse strategies, raising $46 billion via equity and credit, which includes $8.2 billion in outstanding convertible debt and four perpetual preferred stock offerings, STRK, STRF, STRD, and STRC, designed to appeal to different segments of the y<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/25\/michael-saylor-continues-to-build-out-his-own-yield-curve\">ield curve<\/a>.<\/p>\n<h5>Fresh buys continue<\/h5>\n<p>The company Monday morning<a href=\"https:\/\/x.com\/saylor\/status\/1954876110891872558\"> disclosed the purchase<\/a> of another 155 BTC for $18 million \u2014 a rather small weekly buy, but nevertheless bringing its total stoack to 628,946 coins valued at about $76 billion. That representis 3% of bitcoin\u2019s fixed 21 million supply. With an average cost of about $74,000 per BTC, the company sits on unrealized gains of roughly $30 billion, or 65%.<\/p>\n<p>MSTR is today one of the <a href=\"https:\/\/www.strategy.com\/charts\">most actively traded stocks<\/a>, posting $4.4 billion in daily trading volume just behind Google (GOOG) at $4.9 billion. Open interest in MSTR options totals $90 billion, also second to Google at $99 billion. Despite a $112 billion market cap compared to Google\u2019s $2.4 trillion, the trading activity reflects the intense focus on MSTR.<\/p>\n<p>Its success has inspired a wave of bitcoin treasury strategies among other corporations. The <a href=\"https:\/\/bitcointreasuries.net\/\">top 100 public<\/a> companies now collectively own 964,314 BTC, much of it financed through capital raises that follow the MSTR playbook.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy (MSTR) adopted a bitcoin standard five years ago today, on Aug. 11, 2020, with its first purchase of 21,454 BTC for $250 million. The acquisition marked a historic shift in corporate treasury strategy. To that point, former AI and software development company had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41496","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41496"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41496\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}