Business intelligence firm MicroStrategy (MSTR) continues to be a major player in the Bitcoin game, announcing on March 11, 2024, the purchase of an additional 12,000 BTC for $821.7 million in cash.
https://twitter.com/saylor/status/1767158870294605904
MicroStrategy Now Holds Over 200,000 Bitcoins
This latest acquisition brings MicroStrategy's total Bitcoin holdings to a massive 205,000 BTC. With the average purchase price sitting around $33,706 per Bitcoin (including fees and expenses), the company's total investment is roughly $6.91 billion.
At the time of writing (March 11, 2024), Bitcoin is trading around $71,200. This means, on paper, MicroStrategy's Bitcoin holdings are currently worth over $14 billion.
Considering their total investment, this translates to a potential unrealized profit of over $8 billion.
This latest purchase further solidifies their position as one of the largest corporate holders of Bitcoin.
