Fifth anniversary of Strategy's Bitcoin purchase, stock price achieves a 2600% increase

According to news from Hash World, Strategy's first purchase of Bitcoin marks its fifth anniversary. This move has helped its stock price soar nearly 2600% since 2020, lifting it out of a 20-year slump. MicroStrategy Inc. (now renamed Strategy) first purchased Bitcoin on August 11, 2020, spending $250 million to acquire 21,454 bitcoins, which founder Michael Saylor referred to as a 'new capital allocation strategy.' The company has currently invested $46 billion to purchase 628,791 bitcoins, becoming the company with the largest amount of Bitcoin held among all public and private companies, prompting countless companies to follow suit in buying Bitcoin. These purchases propelled its stock price to increase by over 2,595% in the past five years, with last Friday's closing price exceeding $395, whereas five years ago its stock price was less than $15.