tl;dr
MicroStrategy, a major holder of Bitcoin, has increased its holdings to a new peak by purchasing an additional 122 Bitcoin for $7.8 million, bringing its total to 214,400 Bitcoin worth $13.5 billion. Despite recent market fluctuations, the firm remains profitable on its investment, with a cost basis...
MicroStrategy, a major holder of Bitcoin, has increased its holdings to a new peak by purchasing an additional 122 Bitcoin for $7.8 million, bringing its total to 214,400 Bitcoin worth $13.5 billion. Despite recent market fluctuations, the firm remains profitable on its investment, with a cost basis of $35,180 per coin compared to the current price of $63,026.
MicroStrategy's founder, Michael Saylor, is known for his bullish stance on Bitcoin and the company's strategic shift toward the cryptocurrency. Even with Bitcoin falling more than $10,000 from its recent all-time high price of $73,737 set in March, the firm is very much in the green on its gradually growing investment. The cost basis of MicroStrategy’s Bitcoin holdings currently sits at $35,180 per coin, while the current price of BTC according to CoinGecko is $63,026.
MicroStrategy founder and Chairman Michael Saylor is one of the most outspoken Bitcoin bulls in the corporate world. Not only did he pivot his company’s focus to Bitcoin, but he also frequently posts “laser-eyed” Bitcoin memes and conducts interviews about the asset.
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