Coindesk Logo
FinanceFinanceFinance

Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth

Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth

Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth

The company now has about a $3.8 billion in unrealized profit on its bitcoin stash.

The company now has about a $3.8 billion in unrealized profit on its bitcoin stash.

The company now has about a $3.8 billion in unrealized profit on its bitcoin stash.

By Oliver Knight
AccessTimeIconFeb 26, 2024, 1:37 PM
Updated Mar 9, 2024, 2:15 AM
MicroStrategy Executive Chairman Michael Saylor (Getty Images)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

The largest corporate owner of bitcoin (BTC), MicroStrategy (MSTR) has purchased an additional 3,000 tokens for $155 million, bringing the company's total holdings up to 193,000 coins.

These new buys were made between Feb. 15 and Feb. 25 and the tokens were acquired at an average price of $51,813 each, according to an SEC filing. The company now holds 193,000 bitcoin purchased for $6.09 billion, or an average price of $31,544 each, tweeted Executive Chairman Michael Saylor.

With bitcoin currently trading at $51,366, MicroStrategy's unrealized profit stands at $3.8 billion.

STORY CONTINUES BELOW

Recommended for you:

MSTR shares are currently up 1.1% in pre-market trading to $695.

Edited by Stephen Alpher.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
MSTRMicroStrategyMichael Saylor