The Bitcoin portfolio of MicroStrategy reaches $12 billion
The bitcoin holdings of Michael Saylor’s firm MicroStrategy reached a value of over $12 billion, the highest it has been since the company began its bitcoin buying spree in 2020.
At 12:25 p.m. ET on Feb. 28, MicroStrategy’s bitcoin portfolio hit a peak value of $12.24 billion. However, it has since fallen to $11.7 billion, still witnessing an increase of over $653 million, or 5.9%, within the past 24 hours.
This surge in value coincided with bitcoin breaking past the $60,000 mark, a threshold it hadn’t reached since October 2021.
MicroStrategy’s total bitcoin holdings now stand at 193,000 after purchasing an additional 3,000 bitcoins for $155 million on Feb. 26. In the previous month, the company had bought 850 BTC for $37.2 million.
The average purchase price for MicroStrategy’s bitcoin holdings is currently $31,170 per coin as of Dec. 27, 2023.
MicroStrategy’s Bitcoin balance surpasses $12 billion
- Michael Saylor’s firm MicroStrategy saw its bitcoin portfolio briefly reach a value of over $12 billion.
- The surge in value coincided with bitcoin breaking past the $60,000 mark.
- MicroStrategy’s total bitcoin holdings now stand at 193,000.
- The average purchase price for its holdings is currently $31,170 per coin.
Bitcoin hits new milestone as MicroStrategy’s portfolio grows
MicroStrategy, led by Michael Saylor, has seen its bitcoin portfolio reach a value of over $12 billion, the highest it has been since the company started acquiring bitcoin in 2020. This milestone was achieved as the price of bitcoin surpassed $60,000, a level not seen since October 2021.
MicroStrategy’s total bitcoin holdings now stand at 193,000 coins after the recent purchase of an additional 3,000 bitcoins for $155 million. This follows their previous purchase of 850 BTC for $37.2 million.
The average purchase price for MicroStrategy’s bitcoin holdings is currently $31,170 per coin as of December 27, 2023.
MicroStrategy’s bitcoin portfolio exceeds $12 billion
The value of MicroStrategy’s bitcoin portfolio has reached a new high of over $12 billion. This surge in value coincided with bitcoin breaking past the $60,000 mark, a level that hasn’t been reached since October 2021.
MicroStrategy currently holds a total of 193,000 bitcoins in its portfolio. The company recently purchased an additional 3,000 bitcoins for $155 million and had previously acquired 850 BTC for $37.2 million.
As of December 27, 2023, the average purchase price for MicroStrategy’s bitcoin holdings is $31,170 per coin.
Hot Take: MicroStrategy’s Bitcoin Holdings Soar
MicroStrategy’s bitcoin portfolio has reached a milestone value of over $12 billion as the price of bitcoin surged past $60,000. Led by Michael Saylor, the company now holds a total of 193,000 bitcoins in its portfolio.
This recent increase in value comes after MicroStrategy purchased an additional 3,000 bitcoins for $155 million. With an average purchase price of $31,170 per coin, MicroStrategy continues to demonstrate its strong belief in bitcoin as a long-term investment.
As the cryptocurrency market continues to evolve, MicroStrategy’s bitcoin holdings will likely play a significant role in shaping the company’s future.
MicroStrategy’s bitcoin portfolio reaches new heights
The bitcoin holdings of MicroStrategy, led by Michael Saylor, have reached a value of over $12 billion. This surge in value coincided with bitcoin breaking past the $60,000 mark, marking a significant milestone for the cryptocurrency and MicroStrategy’s investment strategy.
MicroStrategy now holds a total of 193,000 bitcoins in its portfolio. The company recently purchased an additional 3,000 bitcoins for $155 million, further solidifying their position in the cryptocurrency market.
With an average purchase price of $31,170 per coin, MicroStrategy’s bitcoin holdings continue to grow and contribute to the company’s overall financial success.
Hot Take: MicroStrategy’s Bitcoin Holdings Surge
MicroStrategy’s bitcoin portfolio has reached a value of over $12 billion as the price of bitcoin surpassed $60,000. Led by Michael Saylor, the firm now holds 193,000 bitcoins in its portfolio.
This increase in value follows MicroStrategy’s recent purchase of an additional 3,000 bitcoins for $155 million. With an average purchase price of $31,170 per coin, MicroStrategy continues to demonstrate its confidence in bitcoin as a long-term investment.
The growth of MicroStrategy’s bitcoin holdings reflects the increasing popularity and acceptance of cryptocurrencies as an asset class.
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