MicroStrategy BTC holdings balloon to $4.6B as firm invests another $372M
With an average purchase prices of $29,668 per Bitcoin, MicroStrategy's BTC holdings are at a slight profit.
MicroStrategy’s pool of BTC has ballooned to 152,333 BTC as of June 27. According to CEO Michael Saylor, the largest corporate holder of Bitcoin paid an average of $29,668 per Bitcoin. Therefore, MicroStrategy paid a total of $4.52 billion for its entire BTC stash, Saylor noted.
At current prices, MicroStrategy’s BTC holdings are worth around $4.6 billion, indicating that the firm is slightly in profit.
The move comes a few weeks after Saylor, a self-proclaimed Bitcoin maximalist, said that he expects Bitcoin market share to climb to 80% as other tokens disappear amid regulatory scrutiny.
Bitcoin was trading at $30,152 as of press time, up 4.05% over the past week, according to CryptoSlate data.
A review of on-chain data shows Bitcoin moving between wallets identified as belonging to MicroStrategy throughout June, with funds moving from previously confirmed wallets to a new address, ‘bc1ql49,’ which holds 111,700 BTC at present.