MicroStrategy is a large provider of analytical software and cloud services. The American company has adopted Bitcoin as its main reserve asset and is systematically buying it up.
MicroStrategy owns 140,000 BTCs worth a total of $4.17 billion, with an average purchase price of $29,803. Now that the BTC price has passed the $30,000 mark, the portfolio’s profitability is growing.
Prior to that, the company was only losing on bitcoin investments, but MicroStrategy continued to buy BTC at the end of the year, as well as in March and April. As a result, MicroStrategy’s assets was up for the first time in 307 days.
If we take the BTC price as of April 11, $30,019, the value of the company’s portfolio would be $4.202 billion. That is, if MicroStrategy sells its portfolio, it would gain about $32 million.
