- Microstrategy’s average bitcoin purchase price is $29,803
- The company made over $30 million in unrealized gains
- The portfolio was last profitable in April of this year
American company MicroStrategy has profited from bitcoin investments as its price crossed the $30,000 mark. Thus, the largest corporate holder of BTC received more than $ 30 million in unrealized gains.
May 1 Microstrategy filed a statement with the U.S. Securities and Exchange Commission in which it writes that the company holds about 140,000 BTC worth approximately $4 billion, and the average purchase price is $ 29,803.. As of this writing, bitcoin is trading at $30,200, putting the U.S. company’s asset value at more than $4.2 billion.
Michael Saylor, founder of MicroStrategy, is a big supporter of bitcoin. He recently reiterated his belief in the asset, arguing that its market dominance could reach 80% in the long term if regulators continue to restrict other cryptocurrencies.
On his Twitter, he constantly posts support for bitcoin. His latest talking points are “Bitcoin is a money machine,” “Bitcoin is better than real estate,” and “Bitcoin is unstoppable.