Digital Assets: After Latest Buy, MicroStrategy’s Bitcoin Exposure Is Nearly $6B

December 30, 2021 | Digital Assets, News
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CEO Michael Saylor tweeted today that MicroStrategy had bought another 1,914 bitcoins.

MicroStrategy (NASDAQ: MSTR), the business intelligence firm founded and led by bitcoin evangelist Michael Saylor (pictured above) has added to its already substantial pile of bitcoins. According to a tweet by Saylor, and a Thursday filing with the SEC, MicroStrategy has pulled in an additional 1,914 bitcoins paying about $94.2 million at an average price of approximately $49,229. (CryptoNews)

According to the filing, the latest tranche was bought between December 9, 2021 and December 29, 2021.

“As of December 29, 2021, the Company held approximately 124,391 bitcoins that were acquired at an aggregate purchase price of $3.75 billion and an average purchase price of approximately $30,159 per bitcoin, inclusive of fees and expenses,” MicroStrategy said in the filing.

At the time of writing, bitcoin is trading at $47,510. At the price, MicroStrategy’s bitcoin investment is worth about $5.91 billion, reflecting an unrealized gain of over $2.1 billion.

The Microstrategy stock is currently quoting at $567.48, and up over 2%.

Interestingly, the market capitalization of the company at the current price, as shown in the above chart sourced from Google Finance, is $5.76 billion, while the value of just its bitcoin investment is approximately $5.91 billion.

Is the market valuing Microstrategy’s core intelligence and software business at nothing?

Related Story: Bitcoin PermaBull MicroStrategy Loads Up On Another $82M

Image of Michael Saylor: michael.com

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