MicroStrategy’s bitcoin holdings are in profit for the first time since June 2022. But it likely wouldn’t be able to sell for a profit yet.
Highlights
- Bitcoin was trading at $30,103 by 4:40 a.m.
- EST, up 1.6% over the past 10 hours.
- MicroStrategy’s bitcoin holdings are now in profit for the first time since June 2022.
- The company owns 140,000 bitcoins, at an aggregate purchase price of approximately $4.17 billion.
- Recent bitcoin purchases lowered the company’s average purchase price to $29,803, which means it is technically up by a few hundreds dollars, but it likely wouldn’t be able to sell all of its bitcoin for a profit yet if it wanted to.Shares in the firm are up 114% year-to-date, outperforming bitcoin, and are trading at $312.78.
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