MicroStrategy

MicroStrategy provides integrated reporting, analytics and monitoring software that helps leading businesses around the world make more informed decisions every day. Companies choose MicroStrategy because of its rich technical capabilities, complex analytics and high scalability in terms of data volume and user number.

History

2023: $150M purchase of 6,455 extra bitcoin

The CEO of MicroStrategy in March 2023 announced the purchase of 6455 additional bitcoins for about $150 million. The company now owns 138,955 bitcoins.

2022: Michael Sailor leaves CEO position, company bitcoins depreciated by $917.8 million in quarter

In August 2022, it was announced that Michael Sailor was leaving the position of CEO of Microstrategy and taking the place of executive chairman of the company.

"I will be able to focus more on our BTC acquisition strategy and related initiatives to promote Bitcoin," he added.

MicroStrategy announced the depreciation of its bitcoins by $917.8 million in the second quarter of 2022.

A few weeks later, Michael Sailor was sued for tax evasion. Also, Attorney General of the District of Columbia Karl Racine is suing MicroStrategy for help in tax evasion.

2021

Acquisition of 5,050 Bitcoin for $242.9 million to a total value of 114,042 coins of $5.3 billion

MicroStrategy's bitcoin portfolio eclipses most of the assets of S&P 500 members after the latest purchase increased the value of digital assets in its treasury to more than $5 billion.

The company announced in September 2021 that it had acquired another 5,050 Bitcoin worth about $242.9 million, increasing the value of its 114,042 coins to $5.3 billion.

This is more than the amount of funds that 80% of non-financial companies included in the S&P 500 index, including such leading companies as Starbucks Corp., Verizon Communications Inc. and Home Depot Inc.

Placement of $400 million bonds for bitcoin investments

In June 2021, MicroStrategy Inc. announced the placement of $400 million in convertible bonds, due in 2028.

The company will send the funds raised from the placement to the purchase of Bitcoin. MicroStrategy currently owns 92,079 BTCs worth more than $3.37 billion.

The company will suffer a loss of $284.5 million in the second quarter due to fluctuations in the Bitcoin exchange rate.

Purchase of 253 bitcoin in the amount of $15 million at an average rate of $59.3 thousand

In April 2021, MicroStrategy bought another 253 bitcoins worth $15 million at an average exchange rate of $59.3 thousand.

At that moment, the company owns 91.5 thousand. Bitcoin with an average price of $24.3 thousand, and is the largest holder of cryptocurrency among public companies.

The value of Bitcoin, which the company owns, as of April 5, is $5.2 billion.

Purchase of 328 bitcoins for $15 million at an average price of $45,710

At the end of February 2021, MicroStrategy purchased an additional 328 Bitcoin for $15 million at an average price of $45,710.

Acquisition of 19,452 Bitcoin in the amount of $1.026 billion at an average price of $52,765

In February 2021, MicroStrategy acquired another 19,452 Bitcoin for $1.026 billion at an average price of $52,765.

At this time, the company owns 90,531 BTCs with an average purchase price of $23,985.

"The company continues to focus on two of our corporate strategies - developing the enterprise analytics software business and acquiring and storing Bitcoin," said Michael Sailor.

"The company currently owns more than 90,000 Bitcoin, confirming our belief that it, as the world's most popular cryptocurrency, can serve as a reliable means of storing capital."

Plan to sell bonds and invest $600m in bitcoin

On February 16, 2021, MicroStrategy Inc. said it would sell $600 million in convertible bonds and use the proceeds to buy more tokens.

"There are a number of reasons why Bitcoin is growing, but what stands out most is the trend that MicroStrategy started and popularized Tesla: moving institutional balances to Bitcoin to hedge against inflation," said Nicholas Pelecanos, head of trading at NEM.

2020: Investing in Bitcoin

In mid-December 2020, it became known that the software developer MicroStrategy intends to continue investing in bitcoin. The company has already acquired cryptocurrency for more than $400 million and earned about $300 million on this.

MicroStrategy already owns 40,824 bitcoins (BTC) worth $776 million at the exchange rate relevant as of December 7, 2020 (about $19 thousand per BTC coin).

MicroStrategy bought bitcoins for $475 million, earned $300 million on this and plans to invest in cryptocurrency more

On December 4, 2020, Microstrategy bought another 2574 BTC, giving $50 million, in the period from August to September 2020, the software developer invested $425 million in cryptocurrency. According to Bitcointreasuries.org, Microstrategy has the largest bitcoin reserves of all publicly traded companies.

Microstrategy is going to invest more money in bitcoin by selling $400 million in convertible bonds to private investors. With quotations bitcoin of $400 million current on December 7, Microstrategy will add about 21,000 BTC to its portfolio.

Microstrategy intends to invest net proceeds from the sale of bonds in bitcoins in accordance with the policy of treasury reserves before determining the needs for working capital and other general corporate goals, the company said in a statement.

Microstrategy's convertible bonds will be issued to qualified institutional buyers. Convertible bonds are debt securities that allow a holder to transfer value into cash, company shares, or a combination thereof. The bonds will maturity on December 15, 2025, with interest paid twice a year. MicroStrategy will be able to redeem the bonds in cash in December 2023.

Microstrategy CEO Michael Sailor said bitcoin investments reflect the company's belief that cryptocurrency is a reliable store of value and an attractive investment asset with longer-term value growth potential than holding cash.^[1]

2019: Block.One domain sale Voice.com for $30 million

On June 19, 2019, it was reported that MicroStrategy announced the sale domain of its Voice.com. The buyer was a company Block.One that is positioned as an "application for social media based on - blockchain technology." The deal amounted to 30 million. dollars More. here

For June, 2019 MicroStrategy owns a small, but valuable portfolio of domain names among which - Strategy.com, Alert.com, Hope.com, Wisdom.com, Courage.com, reported the blog Domain Investing.^[2]

Notes