As a seasoned researcher with years of experience under my belt, I must admit that MicroStrategy’s relentless pursuit of Bitcoin is nothing short of fascinating. Having closely followed their journey since their initial foray into the crypto world, it seems Michael Saylor and his team have truly embraced the volatile yet promising realm of digital currency.
MicroStrategy has bought extra Bitcoin, as they’ve just disclosed the acquisition of 7,420 more coins.
On September 20th, MicroStrategy confirmed they had finished selling $1 billion worth of convertible senior notes. Their intention was to utilize these funds to purchase additional Bitcoin (BTC).
Later in the day, it was disclosed that Michael Saylor, our company’s founder and chairman, had announced a Bitcoin purchase exceeding $458 million. As reported in documents submitted to the U.S. Securities and Exchange Commission on September 20, 2024, MicroStrategy bought these Bitcoins at an average price of approximately $61,750 per BTC.
MicroStrategy, a company specializing in cloud analytics powered by artificial intelligence and holding the most significant publicly known Bitcoin portfolio, has recently revealed that it has garnered a return of 5.1% on its Bitcoin holdings for the current quarter and an impressive 17.8% return year-to-date.
MicroStrategy at $5.9 unrealized Bitcoin profit
The latest purchase brings the company’s total holdings to 252,220 BTC, up from 244,800 BTC.
Starting from August 2020, under the leadership of Michael Saylor, the company has invested around $9.9 billion in Bitcoin, with the latest purchase being 18,300 BTC at a cost of $1 billion.
The company purchased these assets with an average cost of approximately $39,266 per Bitcoin, resulting in an estimated unrealized profit of more than $5.9 billion. Additionally, it was revealed in August 2024 that Saylor personally owns over a billion dollars worth of Bitcoins.
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2024-09-20 17:20