After the purchase on February 26, 2024, MicroStrategy has 193,000 BTC in its portfolio. Against the backdrop of a jump in the Bitcoin price, the company's unrealized profit amounted to $4.8 billion.
Let us remind you that from February 15 to February 24, 2024, MicroStrategy acquired 3,000 BTC. In total, the company owns 193,000 BTC at an average purchase price of $31,544.
In this case, the value of the company’s portfolio is $6.08 billion. If these crypto assets were sold at $57,000, the company would receive a profit of $4.9 billion.
At the time of writing, Bitcoin is trading around $56,400, according to TradingView. In this case, the company's unrealized profit is $4.8 billion.
MicroStrategy's investment in Bitcoin turned positive in June 2023. Against the backdrop of subsequent fluctuations in the asset price, the company recorded either a profit or a loss.
Despite this, the firm continues to actively invest in the first cryptocurrency. In December 2023 alone, the company purchased 14,620 BTC for $615.7 million.
At the opening of trading on February 26, 2024, MicroStrategy shares showed an increase. By the end of the day, quotes reached $796.48. The forecast for the beginning of the session on February 27 is $844.6, according to TradingView.
Source: Cryptocurrency
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