Summary
MicroStrategy holds 190,000 bitcoins purchased for $5.93 billion, with a profit of nearly $4 billion due to bitcoin’s rally. They began acquiring bitcoin in 2020 and have continued to purchase more every quarter.
Key Points
1. MicroStrategy held 190,000 bitcoins purchased for a total of $5.93 billion at the end of January, with an average cost of $31,224 per coin.
2. The company began acquiring bitcoin in the second quarter of 2020 and has continued to purchase additional tokens every quarter since.
3. MicroStrategy’s profits from its bitcoin holdings nearly doubled in a short period of time, thanks to bitcoin’s more than 20% rally since the start of 2024.