MicroStrategy continues its massive investment in Bitcoin, acquiring an additional 3,000 BTC for $155 million, bringing its total holdings to 193,000 bitcoins.
The recent purchases, made between February 15th and 25th, were made at an average price of $51,813 per BTC, as revealed in an SEC filing. CEO Michael Saylor shared that the company has now amassed 193,000 bitcoins at a total cost of $6.09 billion, with an average price of $31,544 per bitcoin.
With Bitcoin currently trading at $52,600, MicroStrategy is showing an unrealized profit of over $4 billion on its Bitcoin reserve. This aggressive investment strategy demonstrates the company’s continued confidence in the long-term potential of Bitcoin, despite market fluctuations.
MicroStrategy’s stock reacted positively to the news, recording a 14% increase in pre-market trading at $785.
