tl;dr
MicroStrategy, a Nasdaq-listed business intelligence firm, has seen its significant Bitcoin holdings increase in value to over $500 million in unrealized gains just this year. The company, which is the world’s largest corporate Bitcoin holder, has benefitted from Bitcoin’s recent significant price r...
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MicroStrategy, a Nasdaq-listed business intelligence firm, has seen its significant Bitcoin holdings increase in value to over $500 million in unrealized gains just this year. The company, which is the world’s largest corporate Bitcoin holder, has benefitted from Bitcoin’s recent significant price rise and currently holds 189,150 BTC valued at around $8.55 billion. MicroStrategy's CEO, Michael Saylor, also plans to increase his Bitcoin holdings after recently selling his company options for $216 million. The firm has been financing its BTC purchases by selling new shares on the market and using the proceeds to buy BTC, leading to a rise in its BTC holdings.
Nasdaq-listed business intelligence firm MicroStrategy has seen the value of its significant Bitcoin ($BTC) holdings increase to the point that the firm is now sitting on over $500 million of unrealized gains on the cryptocurrency in its treasury just this year. According to data from BitcoinTreasuries, the company, which is the world’s largest corporate Bitcoin holder, has benefitted from Bitcoin’s recent significant price rise, as it currently holds 189,150 BTC valued at around $8.55 billion. When the company first started accumulating Bitcoin, the cryptocurrency was trading just above the $10,000 mark. MicroStrategy then bought 21,454 BTC as it entered the space, and has been investing in Bitcoin since to now have an average investment cost per BTC of around $31,165. As CryptoGlobe reported, the firm recently added an additional 14,620 BTC to its stash for around $615.7 million, at an average price of $42,110 per coin, to hold around 0.9% of the flagship cryptocurrency’s total supply.
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