AssetsApr 06, 2023

MicroStrategy increases Bitcoin exposure: purchases 1,045 BTC

A well-known American company is increasing its exposure to Bitcoin

The MicroStrategy company, which became famous in the cryptocurrency world for being one of the first to invest in Bitcoin, admitted that it recently purchased another 1045 BTC for $ 29.3 million. Thus, Michael Saylor's company purchased another package of the oldest cryptocurrency at an average price of $ 28,016.

MicroStrategy increases Bitcoin holdings to 140,000 BTC, despite unrealized losses

MicroStrategy released a statement that it had purchased another 1,045 Bitcoins, bringing its total holdings to 140,000 Bitcoins worth approximately $3.92 billion at current exchange rates ($28,000).

Considering that the average purchase price of the oldest cryptocurrency by the company is $ 29,803. This means that MicroStrategy spent USD 4.17 billion on this purpose, which means that it currently has an unrealized loss of USD 250 million.

It is worth noting here that MicroStrategy made the first BTC purchase transaction as early as August 2020, and since then the company has been consistently increasing its significant Bitcoin resources. In turn, Michael Saylor again stated that Bitcoin will replace gold.