MicroStrategy Buys an Additional 3,000 Bitcoins, Portfolio Value Surpasses 10 Billion, and Unrealized Gains Approach 5 Billion US Dollars
Software development company MicroStrategy has once again entered the Bitcoin market with an average purchase price of over $50,000, making it one of the highest purchase prices to date for the company. As Bitcoin approaches the $60,000 mark, MicroStrategy’s Bitcoin holdings are valued at over $10 billion, with a floating profit of nearly $5 billion.
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MicroStrategy Buys 3,000 BTC Again
MicroStrategy’s Bitcoin Floating Profit Approaches $5 Billion
Seventh Highest Purchase Price in MicroStrategy’s History
MicroStrategy Buys 3,000 BTC Again
According to SEC filings released by MicroStrategy, the company has once again entered the Bitcoin market on the 26th:
Average price: $51,813
Purchase: 3,000 BTC
Average cost: $31,544
Total holdings: 193,000 BTC
MicroStrategy’s Bitcoin Floating Profit Approaches $5 Billion
Even when Bitcoin was still at the $52,000 level, MicroStrategy’s Bitcoin holdings were already close to $10 billion.
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With Bitcoin’s price at around $56,189 before the deadline, MicroStrategy’s Bitcoin holdings have reached $10.8 billion, with a floating profit of over $4.7 billion.
Seventh Highest Purchase Price in MicroStrategy’s History
The 3,000 BTC purchased this time is also one of the highest purchase prices in MicroStrategy’s history, with only seven occurrences of purchase prices above $50,000:
April 5, 2021: Average price of $59,339 for the purchase of 253 BTC
November 29, 2021: Average price of $59,187 for the purchase of 7,002 BTC
December 9, 2021: Average price of $57,477 for the purchase of 1,434 BTC
March 12, 2021: Average price of $57,146 for the purchase of 262 BTC
May 13, 2021: Average price of $55,387 for the purchase of 271 BTC
February 25, 2021: Average price of $52,765 for the purchase of 19,452 BTC
February 6, 2024: Average price of $51,813 for the purchase of 3,000 BTC
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Will MicroStrategy’s inclusion in the S&P 500 index passively lead millions to buy Bitcoin?
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Further Reading
MicroStrategy’s Twitter Hacked, MSTR Coin Tweeted, Hacker Nets Around $440,000
MicroStrategy Founder Michael Saylor: Consistently Buying Bitcoin Is an Exit Strategy.