• MicroStrategy Corporation disclosed in its most recent SEC filing that it has purchased 1,045 Bitcoin between March 24 and April 4, 2023.
• The total acquisition price is listed on the paperwork as roughly $4.17 billion with an average purchase price of $29,803.
• With one Bitcoin currently worth around $27,986, MicroStrategy’s stake is still making a loss.

MicroStrategy Increases Bitcoin Holdings

MicroStrategy Corporation disclosed in its most recent SEC filing about the addition of 1,045 Bitcoin between March 24 and April 4, 2023. As of April 4th 2023, 140,000 Bitcoins were owned by MicroStrategy and its affiliates for an aggregate value of $4.17 billion with an average purchase price of $29,803 per bitcoin.

Bitcoin Price Increase

The largest cryptocurrency by market cap – Bitcoin (BTC) – is driving the global digital market to green indices with prices beyond $28,000 recently causing investors to pile into the asset class. With current prices at approximately $27, 986 per coin according to Coin Market Cap (CMC), MicroStrategy’s stake is still making a loss from when they purchased their bitcoins at an average cost of almost $30k each.

Previous Purchases

In February 16th 2023 and March 23rd 2023 MicroStrategy also purchased 6455 BTC totaling over $150 million in cash spent at an average cost of around 29803 per coin.

Unease in Financial Sector

Amid ongoing growing unease in the conventional markets and financial sector globally , the digital asset market continues to rise buoyed by investments such as those being made by companies like Microstrategy who have invested heavily into cryptocurrencies such as Bitcoin which now makes up 90% of their treasury reserves.

Conclusion

The news that companies such as Microstrategy are investing heavily into cryptocurrencies like bitcoin serves to further validate the potential for long term investment opportunities within this space and could serve as a sign for more corporate entities to follow suit in allocating portions or even majority stakes within their portfolios towards cryptocurrencies going forward .