Home ยป MicroStrategy Accumulates a Stellar 190,000 BTC, with an Average Cost of an Astounding $31,224

MicroStrategy Accumulates a Stellar 190,000 BTC, with an Average Cost of an Astounding $31,224

MicroStrategy, a software development company owned by Michael Saylor, has gained recognition in the cryptocurrency investment community for its continuous accumulation of Bitcoin. Most recently, the company reported its earnings for the fourth quarter of 2023, revealing its purchase of an additional 31,755 BTC, totaling a value of $1.25 billion. The average cost per BTC was $39,411.

Furthermore, MicroStrategy disclosed that as of February 5th, the company held a total of 190,000 BTC, with an average cost per BTC of $31,224. Saylor stated that in January, the company acquired an additional 850 BTC.

Andrew Kang, the CFO of MicroStrategy, emphasized the company’s commitment to asset management by continuously purchasing more Bitcoin. This strategy ultimately aims to maximize benefits for shareholders.

TLDR: MicroStrategy, led by Michael Saylor, continues to amass Bitcoin, with recent reports revealing the purchase of an additional 31,755 BTC valued at $1.25 billion. The company now holds 190,000 BTC, valued at an average cost of $31,224 per BTC. MicroStrategy’s CFO, Andrew Kang, emphasizes the company’s ongoing asset management plan, which aims to optimize shareholder benefits.

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