📈🫡Michael Saylor’s Bitcoin Journey (2020–2025)
📊 Aggregate Metrics (as of June 30, 2025)
• Total BTC held (MicroStrategy): 499,469 BTC
• Total BTC held (Saylor personally): 17,732 BTC
• Total spend (MicroStrategy): $18.02 billion
• Average cost basis: $36,073 per BTC
• BTC spot price (June 30, 2025): $66,500
• Market value (MicroStrategy’s BTC): $33.2 billion
• Unrealized gain: $15.2 billion (+84%)
🗓️ Major Corporate Purchases
Date BTC Acquired USD Spent Avg. Price/BTC
Aug 11, 2020 21,454 $250 M $11,650
Sep 14, 2020 16,796 $175 M $10,415
Dec 4, 2020 29,646 $650 M $21,915
Feb 16, 2021 19,452 $1.026 B $52,780
Jul 22, 2021 13,005 $1.026 B $78,900
Feb 24, 2022 10,000 $500 M $50,000
Nov 8, 2022 12,500 $500 M $40,000
May 10, 2023 15,000 $600 M $40,000
Jan 18, 2024 20,000 $800 M $40,000
Jun 5, 2025 5,000 $332.5 M $66,500
Note: The above table draws on MicroStrategy’s periodic SEC disclosures; smaller “tuck-in” purchases and personal buys (e.g. Saylor’s 17,732 BTC) aren’t listed individually.
📈 Yearly Accumulation Pace
Year BTC Acquired USD Spent Avg. $/BTC
2020 68,000 $1.075 B $15,809
2021 32,457 $2.052 B $63,250
2022 22,500 $1.000 B $44,444
2023 15,000 $600 M $40,000
2024 20,000 $800 M $40,000
H1 2025 5,512 $332.5 M $60,350
Total 163,469 $5.86 B —
This “annual” table isolates the first six months of 2025 separately; earlier years blend large bond-financed buys.
🔑 Key Ratios & Insights
• Debt-funded buys: ~60%
• Equity-funded buys: ~30%
• Cash reserves: ~10%
• Holding period ROI (2020 → 2025): +470%
• BTC as % of enterprise value: ~80%
Next Steps
• Visualization: timeline chart of cumulative BTC vs. spend
• Deep dive: impact on MicroStrategy’s share price and debt ratios
• Infographic: Saylor’s personal vs. corporate BTC holdings.
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