MicroStrategy Buys Another 27,200 BTC for $2B; Bitcoin Profits Sit at $11B

As a seasoned crypto investor with a keen eye for strategic moves, I find Michael Saylor’s MicroStrategy’s latest bitcoin acquisition of 27,200 BTC to be nothing short of brilliant. The timing couldn’t have been better, considering Bitcoin’s all-time high and the company’s impressive track record in this space.

As a dedicated crypto investor, I’m thrilled to share that MicroStrategy, the corporate titan in our Bitcoin world, has just added another 27,200 BTC to its already impressive stack, at an approximate cost of $2 billion. This strategic move underscores the confidence they have in the long-term potential of digital gold!

Based in Tysons Corner, Virginia, the company currently possesses approximately 279,420 Bitcoins, valued at nearly $23 billion as Bitcoin has reached a new peak of over $82,000.

MicroStrategy has amassed a total of approximately $11 billion worth of bitcoin, which currently represents a profit of roughly the same amount for the company. This quarter alone, the company’s bitcoin earnings stand at about 7.4%, and year-to-date, they’ve surpassed 26%. This information was shared by MicroStrategy on Monday.

As a crypto investor, I’ve recently witnessed the remarkable success story of the latest acquisition of 27,200 coins. These digital assets were scooped up at an average price of around $74,463 each, and since then, they’ve skyrocketed in value. To put it into perspective, each coin has appreciated nearly $8,000, resulting in a whopping profit of over $200 million for their new owners. It’s a testament to the incredible potential that cryptocurrencies hold!

MicroStrategy’s approach for buying bitcoin entails selling shares to raise funds, which are then used to purchase Bitcoin. This move not only propels the value of Bitcoin but also tends to boost the price of MicroStrategy (MSTR) stocks as a result.

MSTR shares are up over 9% in pre-market trading at $295 as of the time of writing.