BlockBeats News, August 11, Strategy (formerly MicroStrategy) first purchased Bitcoin on August 11, 2020, spending $250 million to acquire 21,454 Bitcoins at an average price of approximately $11,652. This marked MicroStrategy's first use of Bitcoin as a reserve asset, making it the first publicly traded company to adopt a Bitcoin treasury strategy.
As of August 11, 2020, MicroStrategy had a market capitalization of approximately $1.436 billion, while the current market capitalization of Strategy (MSTR) is $112.04 billion, representing an increase of over 78 times. Strategy (MSTR) currently holds 628,791 BTC, valued at $76.704 billion, with an average purchase price of $73,207.87, resulting in an unrealized profit of approximately $30.6 billion.
