MicroStrategy’s purchase of Bitcoin (BTC) shows no signs of slowing down after CEO Michael Saylor announced the purchase of another 328 BTCs on Monday. The acquisition, which was paid for in cash, cost the Company approximately $15 million and represented an average price of $45,710 at the time of purchase.

The investment will provide MicroStrategy with 90,859 parts, representing a shipment value of $4.3 billion based on current parts prices. Over the past five months, the company has sold the majority of bitcoin at an average dollar value, resulting in an average price per bitcoin purchase of $24,063 each. tweeted Saylor in March. 1 :

MicroStrategy purchased another 328 bitcoins for $15 million in cash at an average price of $45,710 per #bitcoin. On 3/1/2021, we bought ~90,859 Bitcoins for ~$2.186 billion at an average price of ~$24,063 per Bitcoin. $MSTRhttps://t.co/fGH5KacsPI

– Michael Saylor (@michael_saylor) March 1, 2021

The company first bought Bitcoin in August 2020, when it made an initial investment of $250 million for 21,454 units. By the end of 2020, MicroStrategy purchased additional BTCs from various locations and had accumulated over 70,000 parts by the end of the year.

In February, the company announced that it would raise another $900 million to purchase additional Bitcoin – an amount that ended up being more than $1 billion when it was announced on the 24th. Another 19,452 units were purchased in February.

MicroStrategy’s total spending on Bitcoin is $2.18 billion, while the current price of parts puts the company’s assets at $4.3 billion, meaning MicroStrategy would earn more than $2 billion in five months if it were sold. However, there is no reason to believe that this will happen in the near future. Mr Saylor previously said the Bitcoin purchase was one of the company’s two goals, along with growing its analytics software business.

frequently asked questions

How much Bitcoin does MicroStrategy have?

At 21. As of December 2020, the Company owns a total of approximately 70,470 Bitcoins purchased for a total purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per Bitcoin, including fees and expenses.

Is Bitcoin a good investment in 2020?

So, how did Bitcoin do? It also outperformed all other asset classes in 2020 at almost every point over the past decade. In 2021, he will continue to do so. For new investors discovering Bitcoin for the first time, the landscape can be confusing and even intimidating.

When did MicroStrategy buy Bitcoin?

The company first bought Bitcoin in August 2020, when it made an initial investment of $250 million for 21,454 units. By the end of 2020, MicroStrategy continued to buy more BTCs from various outlets, accumulating over 70,000 parts by the end of the year.

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