- MicroStrategy has accumulated over 129,000 bitcoins at an average price of $31,170 per bitcoin, including a recent $155 million purchase of 3,000 bitcoins in late February.
- As bitcoin surpassed $60,000 on February 28th, the value of MicroStrategy’s bitcoin holdings reached an all-time high of $12.24 billion, before settling around $11.7 billion.
- MicroStrategy and its CEO remain staunch long-term bitcoin bulls, staking the company’s future on bitcoin becoming a prominent store of value asset despite volatility.
MicroStrategy, led by CEO Michael Saylor, has aggressively accumulated bitcoin to hold on its balance sheet. As the price of bitcoin surged past $60,000 in late February 2023, the value of MicroStrategy’s bitcoin holdings reached an all-time high.
MicroStrategy’s Massive Bitcoin Purchases
MicroStrategy holds over 129,000 bitcoins acquired at an average price of $31,170 per bitcoin. The company made its most recent large purchase of 3,000 bitcoins in late February 2023, spending $155 million. This brought its total holdings to 129,218 bitcoins.
MicroStrategy’s Bitcoin Value Hits Record $12.24 Billion
On February 28th, 2023, as bitcoin rose above $60,000, the value of MicroStrategy’s bitcoin holdings reached $12.24 billion – the highest ever. After peaking at $12.24 billion, the value settled around $11.7 billion, still representing a one-day gain of over $650 million.
Bitcoin’s Price Breaks $60k Threshold
Bitcoin’s price increase to over $60,000 fueled the surge in MicroStrategy’s bitcoin value. The leading cryptocurrency rose to its highest level since October 2021, when it had last topped $60,000. Bitcoin’s rally lifted the entire crypto market higher.
MicroStrategy Remains Long-Term Bitcoin Bull
With its massive Bitcoin investment, MicroStrategy is staking its future on bitcoin becoming a prominent store of value assets. The company and CEO Michael Saylor have been very vocal Bitcoin proponents. Despite volatility, MicroStrategy remains committed to holding Bitcoin for the long term.
