đđŤĄMichael Saylorâs Bitcoin Journey (2020â2025)
đ 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 (MicroStrategyâs BTC): $33.2 billion
⢠Unrealized gain: $15.2 billion (+84%)
đď¸ Major Corporate Purchases
Date BTC Acquired USD Spent Avg. Price/âBTC
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 MicroStrategyâs periodic SEC disclosures; smaller âtuck-inâ purchases and personal buys (e.g. Saylorâs 17,732 BTC) arenât listed individually.
đ 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 â
This âannualâ table isolates the first six months of 2025 separately; earlier years blend large bond-financed buys.
đ Key Ratios & Insights
⢠Debt-funded buys: ~60%
⢠Equity-funded buys: ~30%
⢠Cash reserves: ~10%
⢠Holding period ROI (2020 â 2025): +470%
⢠BTC as % of enterprise value: ~80%
Next Steps
⢠Visualization: timeline chart of cumulative BTC vs. spend
⢠Deep dive: impact on MicroStrategyâs share price and debt ratios
⢠Infographic: Saylorâs personal vs. corporate BTC holdings.
#SaylorStrategy #Saylor #BTC110KToday? #StrategyBTCPurchase #MichaelSaylor
