MicroStrategy BTC holdings balloon to $4.6B as firm invests another $372M

1 year ago

MicroStrategy has accrued its Bitcoin (BTC) holdings by 12,333 BTC, worthy astir $372 cardinal astatine existent prices, a June 28 filing with the U.S. Securities and Exchange Commission shows.

MicroStrategy’s excavation of BTC has ballooned to 152,333 BTC arsenic of June 27. According to CEO Michael Saylor, the largest firm holder of Bitcoin paid an mean of $29,668 per Bitcoin. Therefore, MicroStrategy paid a full of $4.52 cardinal for its full BTC stash, Saylor noted.

At existent prices, MicroStrategy’s BTC holdings are worthy astir $4.6 billion, indicating that the steadfast is somewhat successful profit.

The determination comes a fewer weeks aft Saylor, a self-proclaimed Bitcoin maximalist, said that helium expects Bitcoin marketplace stock to ascent to 80% arsenic different tokens vanish amid regulatory scrutiny.

Bitcoin was trading astatine $30,152 arsenic of property time, up 4.05% implicit the past week, according to CryptoSlate data.

A reappraisal of on-chain information shows Bitcoin moving betwixt wallets identified arsenic belonging to MicroStrategy passim June, with funds moving from antecedently confirmed wallets to a caller address, ‘bc1ql49,’ which holds 111,700 BTC astatine present.