Michael Saylor - Business community

MicroStrategy Buys Extra 300 Bitcoins Summing up to 130,000 BTC Stash

Share article now

MicroStrategy Buys Extra 300 Bitcoins Summing up to 130,000 BTC Stash:

The Biggest BTC corporate holder firm – MicroStrategy – has remained relentless and tenacious by making another bitcoin purchase earlier today.

Michael Saylor - Business community
Michael Saylor – Business community

The firm accumulated 301 coins at an average price below $20,000 and increased it’s entire stash to 130,000.

The latest purchase was revealed in a tweet by MicroStrategy’s founder and executive chairman – Michael Saylor. 

The recent purchase has reaffirmed the  Nasdaq-listed business intelligence software as the largest corporate holder of bitcoin.

Meanwhile, MicroStrategy still sits on a massive unrealized loss on its BTC investments since it spent almost $4 billion to accumulate its stash at an average price of just over $30,000.

However, since BTC is currently trading at around $19,000, it means that the firm’s position is worth $2.5 billion –  an unrealised  loss of $1.5 billion.

Leave a Comment

Your email address will not be published.