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Michael Saylor's MicroStrategy spent $2.7 billion on the purchase of Bitcoin at prices higher than the current one, the authors of the Protos publication calculated:
▫️March 12, 2021: $15 million at a price of $57,146 per Btcoin;
▫️April 5, 2021: $15 million at a price of $59,339;
▫️May 13, 2021: $15 million at a price of $55,387;
▫️November 29, 2021: $414.4 million at a price of $59,187;
▫️December 9, 2021: $82.4 million at a price of $57,477;
▫️March 11, 2024: $821.7 million at a price of $68,477;
▫️March 19, 2024: $623 million at a price of $67,382;
▫️April 29, 2024: $7.8 million at a price of $63,934;
▫️June 20, 2024: $786 million at a price of $65,883.
Nevertheless, the company's strategy turned out to be successful. MicroStrategy's profit from investments in Bitcoin is approximately $4 billion with an average purchase price of about $37,000 per 1 BTC.
MicroStrategy has been buying Bitcoin since 2020. According to the latest data, the company has 226,331 BTC ($12.9 billion at current rates) on its balance sheet, making it the largest corporate holder of cryptocurrency.
#CryptoObservers# #contentstar# #Gate Post Highlights# #BountyCreator# #HotTopicDiscussion# #NewsMessenger# #BTC#