MicroStrategy Adds 2,932 BTC at $90K, Now Up $8.3B
MicroStrategy buys 2,932 BTC at $90K, raising total holdings to 712,647 BTC and $8.36B in unrealized gains.
- MicroStrategy acquires 2,932 more BTC at $90,061 each.
- Total holdings now at 712,647 BTC worth $62.55B.
- Sitting on an unrealized profit of $8.36B (+15.43%).
Another Big Bitcoin Buy by MicroStrategy
Michael Saylor’s MicroStrategy continues to double down on Bitcoin, announcing the purchase of another 2,932 BTC last week at an average price of $90,061 per coin. This latest acquisition cost the firm approximately $264.06 million and reflects the company’s unwavering belief in Bitcoin as a long-term asset.
With this move, MicroStrategy’s total Bitcoin holdings have grown to 712,647 BTC — currently valued at a staggering $62.55 billion. The company began accumulating Bitcoin in 2020 and has since become the largest corporate holder of BTC globally.
Sitting on Billions in Unrealized Profit
MicroStrategy’s average purchase price across all holdings now stands at $76,037 per BTC. With Bitcoin trading significantly above that level, the company is sitting on an unrealized profit of approximately $8.36 billion — a gain of 15.43%.
This position not only strengthens MicroStrategy’s balance sheet but also highlights the effectiveness of its Bitcoin-first treasury strategy. Michael Saylor, now a well-known advocate for Bitcoin, has consistently argued that BTC is superior to holding cash or traditional assets, especially in inflationary environments.
Market Confidence and Institutional Signal
Each new purchase by MicroStrategy serves as a strong signal to the broader market about institutional confidence in Bitcoin’s future. Buying at $90K — a level close to Bitcoin’s all-time high — suggests the firm anticipates even higher prices ahead.
This bold strategy may encourage other corporations and funds to consider crypto as a viable long-term investment, especially as Bitcoin continues gaining legitimacy and regulatory clarity worldwide.
Read Also:
- Top Crypto to Buy Now: BlockDAG, Polygon, Shiba Inu, and Bonk Gain Strong Market Interest
- Smart Money Skips Toncoin and Zcash Price Volatility for BlockDAG’s $0.05 USDT Payout Window: Best Crypto to Buy
- Final Hours: BlockDAG’s $0.00000044 Legacy Sale Is Almost Gone as Solana Slips and Worldcoin Faces Pressure
- Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $406 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Over 283 Million WLD Tokens
- BlockDAG’s Legacy Sale Draws Massive Attention After 1B Coins Sold Back! HYPE Loses Steam & XLM Recovers
