The post MicroStrategy’s Bitcoin Holdings : Recent Data Highlights Profitability Concerns appeared first on Coinpedia Fintech News
The Bitcoin investment of MicroStrategy has come under scrutiny due to its Dollar Cost Average (DCA) for the entire investment currently standing at approximately $29,000. However, considering that the current value of Bitcoin is around $26,265, it appears that the company is holding its Bitcoin assets at a loss.
MicroStrategy’s Bitcoin Treasure Grows with $147M Investment
On September 25th, Michael Saylor, the co-founder and executive chairman of MicroStrategy, made a significant announcement on X (formerly Twitter). MicroStrategy has recently invested $147.3 million in cash to purchase 5,445 BTC, with each Bitcoin costing an average price of $27,053.
Currently, MicroStrategy possesses Bitcoin holdings valued at approximately $4.68 billion and holds a total of 158,245 BTC. It’s worth mentioning that on December 22, 2022, MicroStrategy s
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