Microstrategy’s Average Bitcoin Purchase Price Hits $64,500

Microstrategy’s Average Bitcoin Purchase Price Hits $64,500
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Microstrategy has earned quite the reputation as one of the most bullish companies in the crypto sphere when it comes to Bitcoin.
It is also currently one of the most profitable companies based on its Bitcoin-related investments.
For context, Microstrategy, with Michael Saylor at the helm, currently owns 471,107 BTC, worth roughly $45.7 million at press time.
Even more impressive is that the investment company’s average Bitcoin cost basis recently hit $64,500.
The average cost Basis highlights the average cost that Microstrategy has incurred so far to purchase each coin.
This means the investment firm has achieved an average profit of 32,613 considering BTC’s price at the time of writing.
According to a recent CryptoQuant analysis, the impressive average Bitcoin cost basis is courtesy of Microstrategy’s aggressive accumulation.
Especially when Bitcoin traded significantly below $50,000. Microstrategy’s historic data reveals that price that the company has been

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