• MicroStrategy Corporation recently disclosed in its SEC filing that it has added 1,045 Bitcoin (BTC) between March 24 and April 4, 2023.
• The total acquisition price of the Bitcoin is $4.17 billion, with an average purchase price of $29,803 per Bitcoin.
• Despite a 28% increase in the price of Bitcoin over the past 30 days, MicroStrategy’s stake is still making a loss as one Bitcoin is now worth around $27,986.
MicroStrategy Buys 1,045 BTC
MicroStrategy Corporation disclosed in its most recent SEC filing about the addition of 1,045 Bitcoin (BTC) between March 24 and April 4, 2023. The aggregate value of purchased Bitcoin is now $29.3 million while the average cost per Bitcoin throughout the accumulation phase was $28,016.
Total Acquisition Price
As of April 4th 2023, it was revealed that a total of 140,000 Bitcoins were owned by MicroStrategy and its affiliates with a total acquisition price listed on the paperwork as roughly $4.17 billion. On the other hand,the average purchase price of a Bitcoin was around $29,803.
Bitcoin Price Increase
During the previous 30 days since February 16th 2023 to March 23rd 2023 there has been an increase in bitcoin’s price by nearly 28%, allowing it to reclaim back to key level at around $28k mark . At the time of writing this article ,the current market value for one bitcoin is at $27 986 according to CMC.
Loss Making Stake
It was also revealed that Microstrategy paid an average purchase rate for each bitcoin at around 29 803$. However as of right now one bitcoin is priced lesser than what they bought it for ,so their stake still makes losses currently .
Overall despite growing unease in conventional market and financial sector ,global digital market continues to enjoy an upward rise while biggest crypto currency by market cap -Bitcoin (BTC) drives markets into green indices . Although Microstratgy’s has made some losses due to fall in prices ,their overall portfolio accumulation looks positive .