Every MicroStrategy Investor Should Keep an Eye on This Number

MicroStrategy (NASDAQ: MSTR) still sells enterprise software, focused on data analytics and business intelligence. However, most investors see it as a direct bet on Bitcoin (CRYPTO: BTC) these days, and for good reason.Under the authority of co-founder and Chairman Michael Saylor, who also served as MicroStrategy's CEO at the time, the company converted most of its cash reserves into Bitcoin in 2020. Since then, Microstrategy has sold stock and taken on new debt to finance more Bitcoin purchases, while also pumping free cash flows from the software business into even more Bitcoin buys.According to regulatory filings, MicroStrategy now holds roughly 423,650 bitcoins on its balance sheet. They were bought at an average price of $60,324 per coin. That's a $25.6 billion investment, currently worth approximately $42.4 billion. The current value of this Bitcoin portfolio accounts for nearly half of MicroStrategy's $90.4 billion market cap.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool