The American software development company MicroStrategy, one of the holders of the largest reserve of bitcoins, bought additional BTC worth about $600 million. Company management is optimistic about the first cryptocurrency.
“MicroStrategy purchased an additional 16,130 Bitcoin and now owns 174,530 BTC,” the company said.
If we consider that Bitcoin was purchased at an average price of $30,252, then the company now holds $5.28 billion in the first cryptocurrency, writes company founder Michael Saylor.
This means that MicroStrategy could now have a massive unrealized profit of over $1.2 billion given the current BTC price of over $37,000.
In early November, MicroStrategy bought 155 BTC for $5.3 million. And in September she purchased 5,445 BTC for $147.3 million.
The company's assets were in the red at the end of 2022 as BTC fell nearly 80% from its November 2021 peak. But events such as the anticipation of the launch of a spot ETF helped strengthen Bitcoin, and the company's assets began to grow. Sailor has long been one of Bitcoin's most ardent supporters and remains an active crypto investor.. His company has sold assets only once so far – in December 2022, 708 BTC were sold for $11 million.