MSTR - MicroStrategy Buys Another 3000 Bitcoin Amid Surge In Crypto Investment Product Inflows | Benzinga
MicroStrategy Inc (NASDAQ: MSTR), the largest corporate holder of Bitcoin (CRYPTO: BTC), significantly increased its Bitcoin portfolio, purchasing an additional 3,000 Bitcoin.
This comes at a time when crypto investment products are witnessing substantial inflows, signaling a robust interest in the cryptocurrency market.
What Happened: Between Feb. 15 and Feb. 25, MicroStrategy invested $155 million to acquire the additional Bitcoin at an average price of $51,813 each, according to an SEC filing.
This latest purchase brought the company's total Bitcoin holdings to 193,000 coins, acquired at an average price of $31,544 each, according to Executive Chairman Michael Saylor.
With Bitcoin's current market price at $51,300, MicroStrategy's strategy showcases an unrealized profit of $3.8 billion.
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