MicroStrategy, led by Michael Saylor, has expanded its Bitcoin holdings by acquiring an additional 3,000 BTC, now valuing their total Bitcoin assets at approximately $10.5 billion. This recent purchase increases the company’s unrealized profit on its Bitcoin investment to about $4.3 billion.
This move solidifies MicroStrategy’s position as the leading corporate investor in Bitcoin, now owning 193,000 coins. The acquisition, made between February 15 and February 25, was reported to the SEC, with the company spending $155 million at an average cost of $51,813 per Bitcoin. The total investment in Bitcoin by MicroStrategy now stands at $6.09 billion, with an average purchase price of $31,544 per coin, as shared by Executive Chairman Michael Saylor on Twitter.
With Bitcoin’s current market price hovering around $54,600 at time of writing, the value of MicroStrategy’s holdings has surpassed the $10.5 billion mark, underscoring the significant appreciation in their investment.