The largest corporate holder of BTC, MicroStrategy, has stayed true to its word by making another bitcoin purchase today.
The company amassed 301 coins at an average price below $20,000 and rounded up its entire deposit to 130,000.
- MicroStrategy founder and executive chairman Michael Saylor took to Twitter today to announce the latest BTC purchase.
- The company spent $6 million at an average price of $19,851 per bitcoin to acquire 301 coins, bringing its total holdings to precisely 130,000 BTC. Thus, the Nasdaq-listed business intelligence software reaffirmed its place as the largest corporate holder of bitcoin.
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. From 9/19/22 @MicroStrategy owns ~130,000 bitcoins purchased for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
— Michael Saylor⚡️ (@saylor) September 20, 2022
- It’s worth noting, however, that MicroStrategy has a massive unrealized loss on its BTC investments, having spent nearly $4 billion to build up its stash at an average price of just over $30,000.
- With BTC trading around $19,000, that means the company’s position is worth $2.5 billion, or a potential loss of $1.5 billion.
- However, MicroStrategy has pledged not to sell any of its bitcoin holdings, despite the dire situation. Even after Saylor stepped down as CEO, the company has continued to accumulate more BTC and even plans to raise more money to do so.
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