MicroStrategy’s BTC Holdings Have Officially Become Profitable
MicroStrategy has reached its break-even point for holding BTC at $29,574 and is now officially profitable. Since MicroStrategy started buying Bitcoin, MSTR has risen by 154%, Bitcoin has risen by 152%, and the Nasdaq index has risen by 22%. The current market price for BTC is $29,547, and it briefly surpassed the $30,000 mark yesterday.
CEHV Partners: MicroStrategy Still Faces $36 Million in Coupon Payments
Adam Cochran, a partner of CEHV and a well-known figure in the cryptocurrency field, recently analyzed the unstable financial situation of MicroStrategy, a company led by Michael Saylor that is known for holding a large amount of Bitcoin. Cochran outlined the company's obligations regarding convertible notes in 2025 and 2028 in a series of tweets on October 9, 2023.
MicroStrategy Purchased Another 5,445 BTC Between August 1 and September 24
Lookonchain has monitored that MicroStrategy has again purchased 5,445 BTC at an average price of $27,053 between August 1 and September 24. Currently, they hold 158,245 BTC with an average purchase price of $29,582.
FASB’s new regulations remove major obstacles for companies to adopt BTC as a financial asset
Financial Accounting Standards Board (FASB) in the United States has approved new rules allowing companies to report their cryptocurrency holdings at fair value. Michael Saylor, the founder and former CEO of MicroStrategy (MSTR), tweeted that this development "removes the primary barrier for corporations adopting BTC as a treasury reserve asset." <br>
46% of MicroStrategy’s Bitcoin Assets Were Purchased in 2020
According to a report by CoinGecko, MicroStrategy purchased 46% of its Bitcoin assets in 2020. In the third and fourth quarters of 2020, MicroStrategy purchased 38,250 (average price of $11,151) and 32,220 BTC, respectively. As of August 17th, these BTC holdings represent 46.12% of MicroStrategy's Bitcoin assets.
MicroStrategy's Michael Saylor Reveals BTC Trading Below Crucial Moving Average, Indicates Buy Zone Potential
Michael Saylor, the executive chairman and co-founder of MicroStrategy, has shared a statistic on BTC price, revealing that Bitcoin is currently trading below its 200 Week Moving Average. This is a rare occurrence and is typically associated with a bullish wave, indicating that the cryptocurrency is trading at a buy zone with potential for upside. Saylor's technical analysis is unusual, as he typically speaks on the potential of the cryptocurrency.
MicroStrategy Stock Shows High Correlation With Bitcoin Price Performance Since Late 2021
Data shows since the end of 2021, there has been a high correlation between MicroStrategy's stock price and Bitcoin price performance, and MSTR is actually betting heavily on the future of Bitcoin.
The Unrealized Loss of Bitcoin Held by MicroStrategy Exceeds 620 Million US Dollars
Maartunn posted that MicroStrategy currently holds 152,800 BTC with an average purchase price of $29,672. The current price of Bitcoin is $25,830, resulting in an unrealized loss of $620,876,000.
Michael Saylor: No need to worry about big companies buying and continuing to centralize Bitcoin
MicroStrategy co-founder Michael Saylor said in a recent podcast interview that large companies buying and continuing to centralize Bitcoin should not be a concern for people. Saylor emphasized the inevitability of third-party and corporate involvement in the Bitcoin field. However, he said that there should be no concern about the lack of complete sovereignty. Saylor said, "We need to be prepared for everything for Bitcoin."
MicroStrategy Marks Three Years of Holding Bitcoin With $4.53B in BTC and Company Stock Up 210%+
MicroStrategy, a business intelligence company, has marked three years since it first invested in Bitcoin. The company's CEO at the time, Michael Saylor, directed the purchase of 21,454 BTC for $250 million in August 2020, and since then, MicroStrategy has become the largest institutional holder of Bitcoin. As of July 31st, the company holds 152,800 BTC, acquired for $4.53 billion, and its stock has risen over 210% since the announcement of its first Bitcoin purchase. However, the company's stock has also experienced a decline of over 70% from its three-year high in February 2021.
