Another Monday, another massive BTC purchase from MicroStrategy (again).
It seems like a recurring event now, but MicroStrategy, the world’s largest corporate holder of BTC, has announced another massive acquisition.
This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.
With this quite substantial purchase, Saylor and his team have increased the firm’s total bitcoin stash to 423,650 BTC. At current prices, this fortune equates to roughly $42 billion.
Given that the company spent $25.6 billion to accumulate it, this means that the NASDAQ-listed giant now sits on an unrealized profit worth more than $17 billion.
Recall that MicroStrategy has continuously been announcing large BTC purchases for the past four Mondays.
In a recent interview, Saylor, the bitcoin champion of the firm, said they will keep purchasing the asset’s top even when it surges to $1 million. He envisioned that the cryptocurrency will continue to surge in value in the following decades and will skyrocket to $13 million per BTC by 2045.