Michael Saylor’s Strategy, formerly known as MicroStrategy, has been under the spotlight for all the right and wrong reasons. Despite getting hit with a class action lawsuit, the firm continued buying Bitcoin (BTC). Saylor’s firm has been constantly buying BTC for several years now. Time and again, he has urged the community to purchase the king coin. More recently, Saylor pointed out that BTC is on its way to hit $13 million by the year 2045. What if an investor mirrored Strategy’s move and made a dainty investment in BTC?
Also Read: Goldman Sachs: MAG7 Hits 7-Year Low Amid AI, Trade & Antitrust Fears
Where is Bitcoin At The Moment?
At the time of writing, Bitcoin was trading at $105,935.04. This comes after a notable rise of 2.69% during the past 24 hours. Just earlier today, the king coin was trading at a low of $102,112.69 before jumping to a high of $106,814.18. Currently, the world’s largest cryptocurrency is only 2.92% away from its all-time high of $109,114.88.
Also Read: $1,000 in Shiba Inu & XRP: Which Will Give Better Returns in 2030?
Similar to several other firms, Strategy entered the Bitcoin market several years after the asset’s debut. According to data, Saylor’s company started its Bitcoin journey in August 2020. During this period, Strategy purchased a total of 21,454 BTC. This was worth a staggering $250 million back then. The firm’s most recent purchase includes 7,390 BTC for $765 million. Strategy currently holds 576,230 BTC.
Can $2,000 Bring In Life-Changing Gains?
In August 2020, when MicroStrategy first bought Bitcoin, an investor would have invested $2,000 at an average price of $11,654. Now, the same investment would be worth about $18,102.43. This amounts to a noteworthy 800% return in less than five years. If an investor had poured in a higher amount, the returns would have been much larger.
Also Read: Binance Is Teasing Pi Coin Exchange Listing: This Viral Post Shows It’s Happening
