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MicroStrategy’s Bitcoin Position Tops $10B Following its Latest Acquisition

Twitter icon  •  Published 2ヶ月前  •  Hassan Maishera

MicroStrategy now holds $10 billion worth of bitcoins after purchasing 3,000 bitcoins earlier this month.

TL;DR

  • MicroStrategy has acquired another 3,000 bitcoins, bringing its total BTC holdings to $10 billion.

  • The company has $3.8 billion in unrealized profit on its bitcoin stash.

MicroStrategy Purchases 3k Bitcoins 

MicroStrategy, the largest corporate owner of bitcoin (BTC), announced on Monday that it has purchased an additional 3,000 tokens for $155 million.

This latest development means that the company now holds up to 193,000 bitcoins. MicroStrategy bought the coins between Feb. 15 and Feb. 25 and the tokens were acquired at an average price of $51,813 each, according to an SEC filing. 

Following this acquisition, MicroStrategy now holds 193,000 bitcoins purchased for $6.09 billion, or an average price of $31,544 each. With BTC currently trading at $51,366, MicroStrategy's unrealized profit stands at $3.8 billion.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.