MicroStrategy’s unrealized profit from its investment in BTC has exceeded $6 billion

The company already owns more than 1% of the total supply of the first cryptocurrency

20.06.2024 - 15:43

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What’s new? The analytics software company MicroStrategy, one of the largest holders of bitcoin among publicly traded companies, has again increased its investment in the first cryptocurrency. So, from April 27 to June 19, MicroStrategy bought 11 931 BTC worth $768 million at an average price of $65 883 per coin.

The company’s report to the SEC

What else is known? The company’s accounts hold a total of 226 331 bitcoins worth about $14,7 billion at the current exchange rate. MicroStrategy founder and board head Michael Saylor clarified that the average purchase price of these coins was $8,33 billion or $36 798 per piece.

Source: X.com

Thus, the company’s unrealized profit from investing in the first cryptocurrency currently stands at $6,37 billion.

The next investment followed a March investment of $623 million or 9245 BTC, which brought the amount of bitcoins in the company’s accounts to over 1% of the total supply of the asset, which is programmatically capped at 21 million coins.

This latest acquisition follows the company’s $800 million private placement of convertible senior notes.

MicroStrategy’s capitalization exceeds $26 billion, MSTR stock is trading at $1470 on the Nasdaq, having added 0,07% overnight, a one-month drop of 15%, with YTD growth of 112%.

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