Formerly MicroStrategy Inc., the firm celebrates five years since its inaugural $250 million Bitcoin purchase, noted for nearly 2,600% stock growth and emerging from a 20-year slump.
Strategy marked its fifth anniversary since its first Bitcoin purchase on August 11, 2020, when it acquired 21,454 BTC for $250 million. Since then, it has spent $46 billion to obtain 628,791 BTC, with its stock price surging by nearly 2,600% and breaking out of a 20-year slump. Founder Michael Saylor termed the move a 'new capital allocation strategy.'