U.Today – In a recent tweet, MicroStrategy founder and current executive chairman Michael Saylor revealed the key elements of a successful strategy that has helped the company experience tremendous growth in both market capitalization and share price over the past four years.
Additionally, recently released on-chain data revealed that MicroStrategy has moved a gigantic portion to a novel blockchain address.
9 Key BTC Rules for MicroStrategy Success
Bitcoin evangelist Saylor tweeted that “$MSTR is in an exclusive relationship with $BTC,” once again acknowledging that Bitcoin has been a major factor influencing MSTR’s price in recent years.
The “Bitcoin Rules” shared by Saylor in this tweet are as follows:
1. Buying and storing Bitcoins indefinitely, exclusively and securely.
2. Prioritize creating long-term value for MSTR common stock.
3. Treating all investors with respect, consistency and transparency.
4. Structuring MSTR to outperform Bitcoin through clever leverage.
5. Continuously acquire Bitcoins while achieving positive BTC profit.
6. Fast and responsible development in line with market dynamics.
7. Issuance of novel BTC-backed fixed income securities.
8. Maintaining a vigorous, solid and spotless balance sheet.
9. Promoting the global adoption of Bitcoin as a treasury reserve asset.
This week, MicroStrategy announced a plan to raise a staggering $42 billion over the next three years to purchase additional Bitcoin. The company already holds approximately $18 billion worth of BTC – the fiat equivalent of 252,220 Bitcoins.
MicroStrategy is moving Bitcoin to a novel wallet
As reported by the @lookonchain analytics X account, a few hours ago the mentioned business analytics company MicroStrategy made a gigantic transfer of Bitcoins to a newly created BTC wallet.
Post X revealed that Saylor’s company transferred 1,652 BTC worth $114.38 million. This is just a tiny portion of the company’s overall crypto vault, which contains 252,220 Bitcoins. According to a tweet by @lookonchain, these coins were purchased at an average price of $39,266 per coin, with an unrealized profit of almost $8 billion.
The world’s largest cryptocurrency Bitcoin is currently changing hands at $69,583 after showing a loss of 2.36% as it left a high of $71,000. Since Tuesday, when Bitcoin hit a high of $74,000, closing in on its all-time high in March, it is down 5.56% overall.
