MicroStrategy Purchased 6,455 BTC for $150 Million at an Average Price of $23,238 per Bitcoin! Now MicroStrategy owns approximately 138,955 bitcoins and their average buy in price went from $30,415 to $29,817 per bitcoin. Will MicroStrategy be brake even soon?
1 min read
Hi everyone,
MicroStrategy acquired some BTC again! This time they bought 6,455 BTC for $150 Million inclusive of fees and expenses. The average price is $23,238 per Bitcoin. It’s good to see that companies like Microstrategy are very bullish on BTC, also their latest purchase is already in profit right now.
Michael Saylor’s Tweet on Twitter
On December 24 2022 MicroStrategy owned 132,500 bitcoins and their average price was $30,415 per bitcoin with a total cost of $4.027 billion USD. So this means that their latest purchase will decrease their average buy in price.
The numbers now:
They own approximately 138,955 bitcoins and their average buy in price is $29,817 per bitcoin. The average buy in price in US dollars is $4.14 billion. This means that they are break even soon if BTC continues the upward trend.
Their DCA in strategy is definitely working. Will they be break even soon?
ChemicalGreek
Sources:
Twitter @ saylor and @ tier10k https://www.streetinsider.com/Corporate+News/Microstrategy%2C+Inc.+%28MSTR%29+acquired+approximately+6%2C455+bitcoins+for+approximately+%24150+million+in+cash/21419728.html https://buybitcoinworldwide.com/microstrategy-statistics/
submitted by /u/ChemicalGreek
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