MicroStrategy, the software development company founded by Michael Saylor, a well-known Bitcoin investor, has recently announced its purchase of an additional 14,620 BTC. This acquisition amounts to a total value of $615.7 million, with an average cost of $42,110 per BTC. As a result, MicroStrategy now owns a substantial 189,150 BTC.
The company revealed that these Bitcoin purchases were made between November 30th and December 26th. With a cost basis of approximately $5.9 billion for the 189,150 BTC, the current market value stands at around $8.1 billion, resulting in a profit of $2.2 billion. The average cost per BTC acquisition was approximately $31,168.
The significant number of Bitcoins held by MicroStrategy is noteworthy, as it represents almost 1% of the total 19.58 million BTC in circulation.
TLDR: MicroStrategy, led by Michael Saylor, has recently bought an additional 14,620 BTC for $615.7 million. With a total of 189,150 BTC in their possession, the company’s investment has resulted in a profit of $2.2 billion. This substantial holding accounts for nearly 1% of the total BTC in circulation.
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