MicroStrategy Now Holds 190,000 Bitcoin After January Purchase
MicroStrategy reached an even 190,000 BTC in January after a $37.2 million purchase.
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.
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“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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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