Microstrategy’s Latest Bitcoin Purchase
Microstrategy, a software company, has acquired an additional $37 million worth of Bitcoin, bringing its total unrealized profit to $37 million. The founder and chairman of Microstrategy, Michael Saylor, made the announcement on Twitter. The purchase of 850 BTC was approved in January.
Microstrategy’s Growing Portfolio
CryptoQuant Netherlands community manager Maartunn shared four important facts about Microstrategy’s portfolio after this latest purchase. Over the past few years, Microstrategy’s total supply of Bitcoin has increased. Additionally, the cost of each purchase has been displayed in a chart. Despite the total price of Microstrategy’s Bitcoin stack being around $5.932 billion, the actual value of the company’s holdings is currently approximately $8.1 billion.
Unrealized Profit and Loss Trend
An analyst also revealed a chart showing Microstrategy’s unrealized profit and loss trend over the years. The company’s Bitcoin holdings were in the red during the 2022 bear market and most of 2023 but turned profitable during the recent rally.
Bitcoin Price
Currently, Bitcoin is trading around $43,000, experiencing a 1% increase over the past week.
Hot Take: Microstrategy Continues to Accumulate Bitcoin
Microstrategy’s ongoing accumulation of Bitcoin has proven to be a successful strategy so far. With significant unrealized gains of almost $2.2 billion, the company’s investment appears to have paid off. As Bitcoin continues to trade at a favorable price, Microstrategy’s portfolio continues to grow in value.
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