Key Points:
Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
MicroStrategy’s journey into Bitcoin began in August 2020, and it has diligently expanded its holdings since then, irrespective of market fluctuations. Despite facing quarterly losses and significant impairment charges during the late 2022 and early 2023 market downturns, MicroStrategy Bitcoin holdings have steadily grown.
With an average entry price of $31,464, MicroStrategy, a notable NASDAQ-listed business intelligence software company, has invested close to $6 billion to amass its 190,000 BTC portfolio, now valued at over $9 billion with Bitcoin trading above $47,300.
This strategic move into cryptocurrency has also seen MicroStrategy’s stock (MSTR) surge from around $125 in August 2020 to surpass $1,000 within six months. Although retracing from its peak, MSTR closed Friday’s trading at $646, marking a remarkable over 400% increase since the adoption of the Bitcoin-purchasing strategy.
CEO Michael Saylor has reiterated the firm’s commitment to MicroStrategy Bitcoin holdings, indicating that the unrealized profits may continue to remain untouched.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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