28 C
New York
Sunday, July 21, 2024

MicroStrategy Now Holds 190,000 Bitcoin After January Purchase

Must read

Bitcoin-bullish software company MicroStrategy (MSTR) increased its Bitcoin position again in January, bringing its total holdings to an even 190,000 BTC.

  • Michael Saylor, the executive chairman of the company, said on Tuesday that the company acquired another 850 BTC in January for $37.2 million.
  • That’s an average price of $43,764, slightly above today’s trading price of $43,206.
  • According to the company’s Q4 earnings report, all of its coins together were acquired at an average price of $31,224 per coin.
  • “We acquired 31,755 additional bitcoins since the end of the third quarter, marking the largest quarterly bitcoin holdings increase in the last 3 years and the 13th consecutive quarter of adding more bitcoin on our balance sheet,” wrote the company.

  • The company’s Q4 revenue sank 6.1% compared to the fourth quarter of 2022, while gross profit declined from $105.8 million to $96.3 million.
  • At 190,000 BTC, MicroStrategy still owns more Bitcoin than all nine newly launched Bitcoin ETFs combined at roughly 181,000 BTC. It also owns nearly 1% of all BTC in circulation.
  • MSTR still trades down 16% since last month, before the Bitcoin ETFs went live. Saylor said last month that he is now selling his personal MSTR shares to acquire more BTC.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

More articles

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Latest News