Oddbean new post about | logout
 🧵: Two years ago the Wall Street Journal made this headline: 

“Michael Saylor Bet Billions on #Bitcoin and Lost”

“MicroStrategy #MSTR CEO Michael Saylor turned to #bitcoin to help his struggling software company.” And LOST. 

Today here are few things you need to know:  ⬇️ https://image.nostr.build/889ba1e08ad79fb61e5e6b93c226ec7e137197efafe044fa4687e04363f1a368.jpg  
 While still in Q1 of the halving year ‘24, MicroStrategy #bitcoin holdings is UP a clean 102.18% ATH (+$7.74B).

Despite the headlines made, $MSTR kept acquiring more #BTC’s and now the company holds a 1% of the total circulating supply of the network that’ll ever exist & issued. https://image.nostr.build/5bf3d80b9feca96058e2a63551366f612ea82073dcbecb74b2c3b2648709b201.jpg  
 Michael Saylor’s #MSTR #bitcoin bet now sits at $15.32 billion as seen above. 

The company holds a total of 214,245 BTC acquired for $7.59 Billion with a 102% returns in unrealized profit at an average cost of $35,372 per #bitcoin.

How do you describe “WIN” in your own world?

#Bitcoin #Nostr #Threadstr #Plebchain https://image.nostr.build/9c520f467e45984792328bd9d989cd6489ddc29c5cbc11be52dd8e219d170577.jpg