Saylor’s Strategy started buying Bitcoin 5 years ago. It's now up 2,600%
MicroStrategy, now known as Strategy, first purchased Bitcoin exactly five years ago on Aug. 11, 2020, a move that helped revive its share price after a two-decade lull.
Strategy is marking five years since its first Bitcoin purchase, a move that has helped its share price surge nearly 2,600% since 2020 and revived it from a 20-year lull.
MicroStrategy Inc., which now does business as Strategy, bought its first batch of Bitcoin (BTC) on Aug. 11, 2020, spending $250 million to scoop up 21,454 BTC in what founder Michael Saylor called its “new capital allocation strategy.”
The company has since spent a total of $46 billion buying 628,791 BTC, the largest Bitcoin holdings among any public or private company, and has inspired other companies to copy its Bitcoin buys.
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