7 months ago
41 ARTICLE AD
This marks the third time when the tech company bought Bitcoin at a price over $50,000.
MicroStrategy reported the acquisition of 3,000 Bitcoins (BTC) on Monday, spending approximately $155 million to buy more BTC at an average price of $51,813. After this recent buy, the company now sits at 193,000 BTC acquired at an average price of $31,544, which translates to over $6 billion.
At the time of writing, the Bitcoin price sits at $53,266.02, making MicroStrategy’s holdings worth more than $10 billion. In other words, the company founded by Michael Saylor now has over $4 billion in unrealized profits, according to a dashboard made by on-chain data firm CryptoQuant.
MicroStrategy BTC acquisition history by cost per buy. Image: CryptoQuantThis last BTC batch is one of the most expensive in MicroStrategy’s acquisition history. On Nov. 29, 2021, the firm bought 7,002 BTC at an average price of $59,187. A few days later, on Dec. 9, MicroStrategy made another move to acquire 1,434 BTC at an average price of $57,477. Today’s accumulation movement marks the third time MicroStrategy has bought Bitcoin over the $50,000 price range.
Moreover, since last year’s November, MicroStrategy has consistently bought Bitcoin every month, accumulating 34,755 BTC until this Monday. Since then, the average price for its BTC acquisitions has gone up by approximately $2,000.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
