- The average price of buying Bitcoin from Microstrategy is $29,803
- The company received more than $ 30 million in unrealized profits
- The last time the portfolio was profitable was in April of this year.
American company MicroStrategy received profit from investing in bitcoin as its price crossed the $30,000 mark. Thus, the largest corporate holder of BTC received more than $30 million in unrealized profits.
On May 1, Microstrategy filed a filing with the U.S. Securities and Exchange Commission, which states that the company holds approximately 140,000 BTC for a total of approximately $4 billion, and the average purchase price is $29,803. At the time of writing, Bitcoin was trading at around $30,200 , thus the value of the assets of the American company is more than $4.2 billion.
MicroStrategy founder Michael Saylor is a big supporter of Bitcoin. He recently reaffirmed 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 bitcoin-enabled messages. His last theses are “Bitcoin is a money machine”, “Bitcoin is better than real estate”, “Bitcoin cannot be stopped”.