Microstrategy increased its BTC stocks for 11 consecutive quarters

Microstrategy increased its BTC stocks for 11 consecutive quarters

Microstrategy-the business intelligence company co-founded by Michael Saylor-has been buying Bitcoin every quarter since August 2020.

The company is the largest company owner of the primary cryptocurrency and has 140,000 BTC. It has accumulated its stock at an average price of $ 29,803, which means that it is currently sitting on a minor loss.

Add more BTC

Despite the volatility of Bitcoin and the Baisse in 2022, which disrupted the cryptocurrency industry, Microstrategy seems to be determined to further strengthen its BTC position.

The company jumped on August 2020 by buying over 21,000 BTC and the implementation of a strategy that focuses on the leading digital asset.

"Our investment in Bitcoin is part of our new capital allocation strategy, which aims to maximize the long-term value for our shareholders.

This investment reflects our conviction that Bitcoin, as the most widespread cryptocurrency worldwide, is a reliable value -conservationist and attractive fixed assets with more long -term increase in value than the maintenance of cash, ”said the Executive Chairman from Microstrategy - Michael Saylor

The company remained loyal to Saylor's words and further enlarged its property in the following years. In fact, it has bought certain amounts of BTC every quarter. The company's most extensive purchases took place at the beginning of its strategy, when it accumulated over 38,000 BTC in the third quarter of 2020 and increased this amount to more than 70,000 BTC by the end of the year.

BTC purchases of microstrategy, dropstab

The organization lasted over steps all year round and spent considerable sums every quarter. Due to Bitcoin's price records this year, the company's investment became very successful, and at some point in November 2021 it was also session at almost 3.5 billion US dollar of not realized profits.

During the crypto winter 2022 stopping the Bitcoin forays of several companies, this was not the case with Microstrategy. It bought over 8,200 BTC over the past year and even increased its stocks during the second quarter (which experienced the crash of Luna/VAT) and Q4 (as the collapse of data preserver-spaces = "true"> ftx took place). Due to the sunken price of Bitcoin, Microstrategy was sitting on a not realized loss of $ 1.8 billion.

The trends changed at the beginning of 2023 when the cryptom market showed some signs of relaxation. Last month, the company rely on BTC for the first time since June 2022 in the green after the leading digital asset had increased over $ 30,000.

Microstrategy has acquired a further 7,500 BTC since the beginning of the year, The total stocks to 140,000 BTC.

The positive start to the year

Microstrategy financially benefited from the increase in value of Bitcoin in recent months. allow to make a win in the first quarter. It recorded a net profit of $ 461 million, while the income from the software business exceeded the estimates. The development is partly due to tax advantages that result from the company's BTC stocks.

also used the price increase of Bitcoin Pay back its 205 million dollar bank to the failed Silvergate with an offset from 22 %.

Microstrategy, a listed company, recorded a price increase in the first months of the year. MSTR shares were about $ 145 on January 1, while they are currently fluctuating by $ 31 (an increase of 120 %).

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