MicroStrategy Goes On a Massive Bitcoin Buying Spree – Here’s Their Profit At Current BTC Price
On September 13, Lookonchain reported that MicroStrategy had purchased an additional 18,300 BTC for approximately $1.11 billion, with the transactions occurring between August 6 and September 12.
This latest acquisition brought MicroStrategy’s total Bitcoin holdings to 244,800 BTC, valued at around $14.15 billion. The average purchase price for these holdings was noted to be $38,585, resulting in an estimated profit of about $4.71 billion at that time.
Read Also: Here’s Why Bitcoin (BTC) Price Didn’t Skyrocket Following Fed Interest Rate Cut
Today, Lookonchain revealed that MicroStrategy made another significant investment, acquiring 7,420 BTC for roughly $458.2 million at a price of $61,750.
This recent buying spree increased their total Bitcoin holdings to 252,220 BTC, now valued at approximately $15.85 billion. With the average acquisition cost rising to $39,266, their profits surged to an estimated $5.95 billion based on current Bitcoin prices.
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