The largest corporate owner of bitcoin (BTC), MicroStrategy (MSTR), has made a significant addition to its cryptocurrency holdings. The company recently purchased an additional 3,000 tokens for $155 million, bringing its total bitcoin holdings up to 193,000 coins.
According to an SEC filing, these new acquisitions were made between Feb. 15 and Feb. 25, with the tokens being acquired at an average price of $51,813 each. This move has increased MicroStrategy’s bitcoin stash, which was purchased for $6.09 billion at an average price of $31,544 per coin.
MicroStrategy’s Executive Chairman Michael Saylor took to Twitter to announce the latest development, stating, ‘MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR.’
With bitcoin currently trading at $51,366, MicroStrategy’s unrealized profit from its holdings stands at an impressive $3.8 billion. Following this news, MSTR shares saw a 1.1% increase in pre-market trading, reaching $695.
