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Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth
The company now has about a $3.8 billion in unrealized profit on its bitcoin stash.
Updated Mar 9, 2024, 2:15 a.m. Published Feb 26, 2024, 1:37 p.m.
The largest corporate owner of bitcoin (BTC), MicroStrategy (MSTR) has purchased an additional 3,000 tokens for $155 million, bringing the company's total holdings up to 193,000 coins.
These new buys were made between Feb. 15 and Feb. 25 and the tokens were acquired at an average price of $51,813 each, according to an SEC filing. The company now holds 193,000 bitcoin purchased for $6.09 billion, or an average price of $31,544 each, tweeted Executive Chairman Michael Saylor.
MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P
— Michael Saylor⚡️ (@saylor) February 26, 2024
With bitcoin currently trading at $51,366, MicroStrategy's unrealized profit stands at $3.8 billion.
MSTR shares are currently up 1.1% in pre-market trading to $695.
Oliver Knight
Oliver Knight joined CoinDesk as a news reporter in April 2022. Before joining CoinDesk, Knight was the Chief Reporter at Coin Rivet for three years. Having graduated with a journalism degree from Birmingham City University, Knight went on to work at various sports publications before diving into the world of Bitcoin in 2014. He does not have any crypto holdings.
