Capitalising on a recent price dip, the firm, formerly known as MicroStrategy, has acquired 22,048 Bitcoin for US$1.92B (AU$3.08B)

MicroStrategy, helmed by Bitcoin aficionado Michael Saylor, has made a bulk purchase of 22,048 Bitcoin for a tidy sum of US$1.92B.
As of 31 March, the firm’s latest buy, made during a recent price dip, brings the total to over 528,000 bitcoins, acquired for a staggering US$35.63B at an average cost of US$67,458 per coin.
Saylortracker data indicates that Strategy’s Bitcoin investments have appreciated by over 21%, generating unrealised profits in excess of US$7.7B.
The firm’s aggressive buying spree began following the recent US elections, which saw anticipated regulatory changes and a potential shift in the economic landscape, making way for renewed interest in digital assets.
Despite a period of slower BTC acquisitions, and even getting outstripped by its Japanese version, Strategy’s latest buy, during which it purchased nearly US$2B worth of Bitcoin as the coin’s price slid to around US$82,500, has propelled the firm’s portfolio value.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.