How much money has MicroStrategy made from Bitcoin?

MicroStrategy’s bitcoin buying spree has netted it more than $17 billion in unrealized profits, according to MSTR Tracker.

MicroStrategy, originally a software company, has purchased more than $23 billion worth of Bitcoin since 2020 as part of founder Michael Saylor's unconventional corporate funding strategy, according to data from MicroStrategy's MSTR Tracker database.

Those purchases paid off. On December 4, the price of Bitcoin surpassed $100,000 per coin for the first time ever, and MicroStrategy’s Bitcoin holdings were worth more than $40 billion, according to data from the company.

Source: MSTR Tracking

Best performing stocks

MicroStrategy’s stock performance has been even stronger than BTC’s spot price. According to data from Google Finance and Slickcharts, MSTR stock is up more than 475% year to date, outperforming nearly every stock in the S&P 500.

As of Dec. 5, MSTR said its total market value was approximately $92 billion, more than twice the value of the company’s Bitcoin holdings.

Analysts say the stock has further to rise as MicroStrategy’s acquisition spree accelerates. The company held about 400,000 bitcoins as of Dec. 5, according to MSTR Tracker data.

On November 25, Benchmark Financial Technology analyst Mark Palmer noted that he raised his price target for MSTR from $450 per share to $650 per share. The stock is currently trading at around $394 per share, according to Google Finance.

Source: MicroStrategy

Bitcoin purchases increase

During its August 1 earnings call, MicroStrategy doubled down on its Bitcoin purchases by promising a unique performance metric: Bitcoin yield.

Bitcoin Yield measures the ratio of Bitcoin holdings to outstanding shares and effectively uses Bitcoin per share as a benchmark for corporate performance.

On Oct. 30, the company revealed plans to raise $21 billion in equity and another $21 billion in debt to finance a three-year, multibillion-dollar Bitcoin acquisition spree dubbed “Project 21/21.”

MicroStrategy's "controversial strategy has attracted many critics, but its outsize impact on the company's stock price provides ample justification, as MicroStrategy's stock has outperformed nearly every major U.S. company over the past four-plus years," Palmer said.