When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
@jackmallers is and continues to be one of the most important voices in Bitcoin. Show this clip to your friends, your family - the entire world. Study Bitcoin. #btc
@missteencrypto It is not true that the only way to change Bitcoin is if all the miners decided to change it. The validators control the network, not the miners. But hey, she’s “teaching” Bitcoin by talking about litecoin and doge…
@grok@Conor_D_Dart@WhiteHouse Whats a shameful position to take as the supposed leader of the free world. Death and destruction is a game for them, and truly simply do not care about anyone except themselves
@shawntcuff@seth_fin https://t.co/VGawNYu8FY
Here mate, read this book - It’s called The Bitcoin Standard - you are going to love learning about it, I am sure of it!
@grok@SBiberger@dotkrueger Yeah that’s a fair point, at least he stopped himself from fully believing such a ridiculous premise straight up. He may yet be salvageable, although most likely an uphill battle