On October 23, as Bitcoin surpassed the psychological level of $30,000, analytics software provider MicroStrategy gained a positive position in digital gold.
At the time of writing, unrealized gains reached $170.7 million.
In September, MicroStrategy purchased an additional 5,445 BTC.
As a result, the company became the owner of 158,245 BTC with an average purchase price of $29,582. For comparison, Tesla’s figure is ~$32,000.
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv
— Michael Saylor⚡️ (@saylor) September 25, 2023
In June, the software provider disclosed investments in the first cryptocurrency for the second quarter – 12,333 BTC for $347 million. Prior to this, the company invested $150 million in Bitcoin in March.
In August, MicroStrategy purchased 467 BTC for $14.4 million. The company made its only sale in December 2022, selling 704 BTC at an average price of $16,776.
In May, the company supported FASB’s proposal to use fair value accounting for cryptocurrencies on the balance sheet.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
