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MicroStrategy is BitcoinI'm buying it again.
On Monday, the software company and “Bitcoin Development Company” Financial results for the first quarter of 2024And he used the opportunity to note that he has bought even more Bitcoin since the end of March, amid a tough few weeks for the cryptocurrency market.
micro strategy Purchased an additional 122 Bitcoins A total of $7.8 million was paid between April 1 and April 26, the report said. This is less than much of the BTC the company has purchased in the past few years, and is an ocean of decline compared to its overall holdings, but it pushes the company's holding size to a new all-time high.
As of Friday, MicroStrategy held 214,400 Bitcoins, or the equivalent of $13.5 billion at the asset's current price.too 1% or more of total supply This is the total amount of Bitcoin that will be created in the future, approximately 19.7 million BTC out of the total supply currently in circulation of 21 million BTC.
Although Bitcoin is down more than $10,000 from its recent all-time high of $73,737 in March, the company has made significant gains on its incremental investments. According to the press release, the cost basis of MicroStrategy's Bitcoin holdings is currently $35,180 per coin, while the current price of BTC is $63,026, according to CoinGecko.
MicroStrategy founder and chairman Michael Saylor is one of the corporate world's most outspoken Bitcoin bulls. Not only has he shifted his company's focus to Bitcoin, but he frequently posts “laser-eyed” Bitcoin memes and gives interviews about Bitcoin assets.
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