MicroStrategy Expands its Bitcoin Holdings to 190,000 BTC
In January, MicroStrategy completed another purchase, bringing its total Bitcoin holdings to an impressive 190,000. This accumulation took place over the past three and a half years and has positioned the NASDAQ-listed business intelligence software giant for significant profits.
MicroStrategy’s BTC Holdings in Green
Under the leadership of Michael Saylor, MicroStrategy made headlines in August 2020 with its initial Bitcoin purchase. Since then, the company has continued to accumulate BTC regardless of market conditions. Despite Saylor stepping down as CEO, the firm remained committed to its Bitcoin-centered strategy.
Although MicroStrategy faced financial challenges during the market crash of late 2022 and early 2023, it persevered. As a result, the company’s Bitcoin stash recently reached a staggering 190,000 BTC. With an average entry price of $31,464 and BTC’s current price above $47,300, the value of MicroStrategy’s holdings now exceeds $9 billion.
However, Saylor has repeatedly stated that the firm has no plans to sell its BTC holdings, which means that these profits remain unrealized.
MSTR’s Movements
An analysis of MicroStrategy’s stock price since it began purchasing BTC is crucial. In early August 2020, MSTR was valued at around $125 but quickly surged to over $1,000 in the following six months alongside BTC’s rise.
During the crypto winter, MicroStrategy’s stocks experienced significant retracement. However, they closed Friday’s trading session at $646. This indicates that despite retracing from their all-time high in 2021, MSTR has still achieved a remarkable increase of over 400% since implementing its Bitcoin-purchasing strategy.
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