With BTC above $30K, MicroStrategy Is Back in the Green
MicroStrategy co-founder Michael Saylor’s bitcoin position is no longer underwater. With Bitcoin trading for roughly $30,200, and an average purchase price of $29,803 per bitcoin, Saylor is now officially in the green.
MicroStrategy’s $4 Billion Bitcoin Bet in the Green As Price Hits $30,000
MicroStrategy's bitcoin holdings are now in the green thanks to the recent rally in the crypto market. Bitcoin is up 1.6% over the past 10 hours and has registered an 82% increase year-to-date. The rise in bitcoin has been linked to the prospect of interest rate increases peaking amid banking stress in the U.S. and across Europe. MicroStrategy's average purchase price of bitcoin was $29,803, and recent purchases have lowered that price. The company and its subsidiaries hold approximately 140,000 bitcoins at an aggregate purchase price of approximately $4.17 billion. Shares in the firm are up 114% year-to-date and are trading at $312.78.
Bank of America and Fidelity Hold MicroStrategy Shares, Indicating Institutional Interest in Indirect Bitcoin Exposure
Bank of America and Fidelity held significant numbers of MicroStrategy shares on their balance sheets in the first quarter, suggesting continued institutional interest in indirect bitcoin exposures.
MicroStrategy Acquires An Additional 1,045 Bitcoin
Michael Saylor has done it again. MicroStrategy announced today that it has increased its Bitcoin holdings by another 1,045 BTC. With that, the company owned by the perma-bull Saylor has now broken through the 140,000 Bitcoin threshold.
Crypto Evening Briefing: MicroStrategy Adds Another 1,045 Bitcoin to Its Growing Crypto Treasury
MicroStrategy buys another 1,045 Bitcoin for $29.3 million, taking its total holdings to 140,000 BTC worth over $12.6 billion.
MicroStrategy Adds Another 1,045 Bitcoin to Its Growing Crypto Treasury
MicroStrategy has acquired an additional 1,045 Bitcoin for approximately $29.3 million at an average price of $28,016 per BTC, bringing its total holdings to 140,000 Bitcoin acquired for approximately $4.17 billion at an average price of $29,803 per BTC. MicroStrategy's executive chairman, Michael Saylor, has been an outspoken advocate for Bitcoin and has led the charge for corporations to adopt the cryptocurrency as a strategic asset. The company's Bitcoin strategy appears to be a dollar cost averaging approach with vast amounts of money. This latest purchase is a testament to MicroStrategy's confidence in the long-term potential of Bitcoin as a store of value.
MicroStrategy’s Bitcoin Bet is on Verge of Profitability Again
<a href="https://www.bloomberg.com/quote/MSTR:US">MicroStrategy Inc.</a> co-founder and Executive Chairman Michael Saylor’s more-than $4 billion bet on Bitcoin is on the verge of turning profitable once again after the first quarter surge in the value of the original cryptocurrency.
MicroStrategy Acquires Additional 6,455 BTC After Repaying Silvergate Loan
MicroStrategy, a business intelligence company has continued to maintain its strong belief in Bitcoin (BTC), the leading cryptocurrency.
MicroStrategy Moves to Bitcoin Standard – Firm Now Up +77%
Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin. While repaying its $205 million SIlvergate loan at a 22% discount. Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes. MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard.
MicroStrategy Buys 6,555 Bitcoin Worth US$150 Mln
MicroStrategy has purchased an additional 6,555 bitcoins for approximately $150 million. This latest purchase brings the total amount of bitcoin held by the publicly-traded company to over 120,000, making it one of the largest holders of the cryptocurrency in the world.
