MicroStrategy's Bitcoin Success Principles Revealed by Founder Michael Saylor

In a recently published tweet founder and currently the executive chairman of MicroStrategy Michael Saylor revealed the key elements of the successful strategy that has helped the company to see a mammoth growth both in market cap and in share price in the past four years.

Aside from that, recently published on-chain data has revealed that MicroStrategy has transferred a large Bitcoin chunk to a new blockchain address.

9 key $BTC principles for MicroStrategy's success

Bitcoin evangelist Saylor tweeted that “$MSTR is in an exclusive relationship with $BTC,” once again admitting that Bitcoin has been the major driver for the MSTR price over the past years.

The “Bitcoin principles” shared by Saylor in that tweet are the following:

1. Buying and holding Bitcoin indefinitely, exclusively, and securely.

2. Prioritizing MSTR common stock long-term value creation.

3. Treating all investors with respect, consistency, and transparency.

4. Structuring MSTR to outperform Bitcoin via intelligent leverage.

5. Acquiring Bitcoin continually, while achieving positive $BTC yield.

6. Growing rapidly and responsibly subject to market dynamics.

7. Issuing innovative fixed income securities backed by $BTC.

8. Maintaining healthy, robust, and pristine balance sheet.

9. Promoting global adoption of Bitcoin as a treasury reserve asset.

This week, MicroStrategy announced a plan to raise a mind-boggling $42 billion over the next three years to buy an additional amount of Bitcoin. The company already holds approximately $18 billion worth of $BTC—the fiat equivalent of 252,220 Bitcoins.

MicroStrategy shovels Bitcoin to new wallet

As reported by the @lookonchain analytics X account, several hours ago, the aforementioned business intelligence company MicroStrategy made a large Bitcoin transfer to a newly created $BTC wallet.

The X post revealed that Saylor’s company transferred 1,652 $BTC valued at $114.38 million. This is just a tiny part of the company’s overall crypto stash, which contains 252,220 Bitcoins. According to @lookonchain's tweet, 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 demonstrating a 2.36% loss as it left the $71,000 high. Since Tuesday, when Bitcoin topped the $74,000 high, coming close to its March historic peak, it has declined by 5.56% overall.