Software development company MicroStrategy has once again entered the Bitcoin market with an average purchase price of over $50,000, marking one of the highest average buying prices in the company’s history. As Bitcoin approaches the $60,000 mark, MicroStrategy’s Bitcoin holdings are valued at over $10 billion, with nearly $5 billion in unrealized gains.
MicroStrategy Buys 3,000 BTC Again
According to SEC filings released by MicroStrategy, the company made another purchase of Bitcoin on the 26th:
Average price: $51,813
Purchase: 3,000 BTC
Average cost: $31,544
Total holdings: 193,000 BTC
MicroStrategy’s Bitcoin Unrealized Gains Approach $5 Billion
Even when Bitcoin was still at the $52,000 level, MicroStrategy’s Bitcoin holdings were already close to $10 billion.
And as of the time of writing, with Bitcoin’s price at approximately $56,189, MicroStrategy’s Bitcoin holdings are valued at $10.8 billion, with unrealized gains exceeding $4.7 billion.
MicroStrategy’s Seventh Highest Entry Price
This purchase of 3,000 BTC is one of the highest entry prices in MicroStrategy’s history, with only seven instances of average buying prices above $50,000:
April 5, 2021: Average price of $59,339 for the purchase of 253 BTC
November 29, 2021: Average price of $59,187 for the purchase of 7,002 BTC
December 9, 2021: Average price of $57,477 for the purchase of 1,434 BTC
March 12, 2021: Average price of $57,146 for the purchase of 262 BTC
May 13, 2021: Average price of $55,387 for the purchase of 271 BTC
February 25, 2021: Average price of $52,765 for the purchase of 19,452 BTC
February 6, 2024: Average price of $51,813 for the purchase of 3,000 BTC
(Will MicroStrategy’s inclusion in the S&P 500 index lead to passive Bitcoin purchases by millions of people?)
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