Strategy, formerly known as MicroStrategy, celebrates five years since its first Bitcoin purchase, leading to a share price surge of nearly 2,600% since 2020 and a revival from a 20-year lull. The company now holds 628,791 BTC, inspiring others to follow suit. Its stock closed at over $395 on Friday.

In 2000, Strategy faced an accounting scandal, admitting to overstating revenues, causing its stock to plummet by over 60%. This event is considered a turning point in the dot-com bubble burst. The SEC charged Strategy’s executives with fraud, leading to settlements and fines.

After the accounting saga, Strategy’s stock remained stagnant for 20 years until it started buying Bitcoin. The cryptocurrency’s rise helped quadruple Strategy’s share price to over $70 in 12 months, following Bitcoin’s surge from $11,500 to $50,000. Strategy’s stock finally surpassed its 2000 peak in 2024.

Strategy plans to raise $84 billion in the next two years to continue buying Bitcoin, doubling its initial goal. The company uses various methods like convertible debt notes and share sales for capital. With an unrealized profit of $28.8 billion on its Bitcoin investments, Strategy considers selling holdings to pay off debt.

Read more at Cointelegraph: Strategy Marks 5 Years of Record-Breaking Bitcoin Treasury