MicroStrategy’s Bitcoin Stash Balloons to $5.4B, Here’s Where Unrealized Gains Stand
As the price of Bitcoin briefly touched $35,000, MicroStrategy’s sizable BTC holdings have generated enormous unrealized profits for the enterprise.
According to on-chain analyst Lookonchain, MicroStrategy currently holds 158,245 BTC worth over $5.4 billion at today’s prices. This represents an unrealized profit of approximately $746 million for the company’s Bitcoin investments.
MicroStrategy, led by CEO Michael Saylor, has been aggressively accumulating Bitcoin since 2020, making it the largest corporate holder of the cryptocurrency. The firm has relied on debt to finance its BTC purchases, believing that Bitcoin’s long-term growth potential outweighs interest expenses.
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Here’s a breakdown of MicroStrategy’s Bitcoin purchase done by Lookonchain.
- Between August 1, 2023, and September 24, 2023
- Buying Amount (BTC): 5,445
- Buying Price: $27,053
- Balance (BTC): 158,245
- Between April 29, 2023, and June 27, 2023
- Buying Amount (BTC): 12,333
- Buying Price: $28,136
- Balance (BTC): 152,333
- Between March 24, 2023, and April 4, 2023
- Buying Amount (BTC): 1,045
- Buying Price: $28,016
- Balance (BTC): 140,000
- Between February 16, 2023, and March 23, 2023
- Buying Amount (BTC): 6,455
- Buying Price: $23,238
- Balance (BTC): 138,955
- On December 24, 2022
- Buying Amount (BTC): 810
- Buying Price: $16,845
- Balance (BTC): 132,500
- On December 22, 2022
- Buying Amount (BTC): -704
- Buying Price: $16,776
- Balance (BTC): 131,691
- Between November 1, 2022, and December 21, 2022
- Buying Amount (BTC): 2,395
- Buying Price: $17,871
- Balance (BTC): 132,395
- Between August 2, 2022, and September 19, 2022
- Buying Amount (BTC): 301
- Buying Price: $19,851
- Balance (BTC): 130,000
- Between May 3, 2022, and June 28, 2022
- Buying Amount (BTC): 480
- Buying Price: $20,817
- Balance (BTC): 129,699
- Between February 15, 2022, and April 4, 2022
- Buying Amount (BTC): 4,167
- Buying Price: $45,714
- Balance (BTC): 129,218
- Between Dec 30, 2021, and Jan 31, 2022
- Buying Amount (BTC): 660
- Buying Price: $37,865
- Balance (BTC): 125,051
- Between Dec 9, 2021 and Dec 29, 2021
- Buying Amount (BTC): 1,914
- Buying Price: $49,229
- Balance (BTC): 124,391
- Between November 29, 2021, and December 8, 2021
- Buying Amount (BTC): 1,434
- Buying Price: $57,477
- Balance (BTC): 122,478
- Between October 1, 2021, and November 29, 2021
- Buying Amount (BTC): 7,002
- Buying Price: $59,187
- Balance (BTC): 121,044
- Between July 1, 2021, and September 12, 2021
- Buying Amount (BTC): 8,957
- Buying Price: $46,875
- Balance (BTC): 114,042
With 158,245 BTC under its control, the firm holds a sizable percentage of Bitcoin’s total circulating supply. Despite the ups and downs in the price of Bitcoin, Saylor has been quite adamant with his HODL strategy, and it seems to be paying off.
