MicroStrategy BTC holdings balloon to $4.6B as firm invests another $372M

CryptoSlate
CryptoSlate

28 Jun 2023 1:30 PM

With an average purchase prices of $29,668 per Bitcoin, MicroStrategy's BTC holdings are at a slight profit....

  • MicroStrategy has increased its Bitcoin holdings by 12,333 BTC, worth around $372 million.
  • The company now holds a total of 152,333 BTC, acquired at an average price of $29,668 per Bitcoin.
  • MicroStrategy's BTC holdings are currently valued at around $4.6 billion, indicating a slight profit.
  • CEO Michael Saylor expects Bitcoin's market share to reach 80% as other tokens face regulatory scrutiny.
  • Bitcoin's price at the time of writing is $30,152, with a 4.05% increase over the past week.
  • On-chain data reveals Bitcoin moving between MicroStrategy's wallets, with a new address holding 111,700 BTC.

The sentiment of the article is generally positive, highlighting MicroStrategy's increased Bitcoin holdings and potential profitability.

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