Micro Strategy bought another $15 million worth of bitcoins
On May 13, Micro Strategy, whose shares are listed on Nasdaq under the ticker symbol MSTR, bought an additional 271 bitcoins, as announced by the head of the organization Michael Saylor. The purchase included $ 15 million in cash, and the average price of a bitcoin cost MicroStrategy $55,387,000 this time.
It is worth noting that the company became a buyer of bitcoins at the beginning of the decline in their price, which was caused by a statement of entrepreneur Ilon Musk. In this case, the price of bitcoin at the end of May 1 3 was at 48.7 thousand dollars, that is cheaper than the value at which the purchase was made 2 7 1 bitcoins.
Meanwhile, Micro Strategy continues to pursue a strategy of regularly buying the No. 1 cryptocurrency, and at any price. The company had investments in bitcoins at a time when the digital asset was near $60,000. MicroStrategy has been an active buyer of the No. 1 cryptocurrency since October 2020, and as a result, it has now accumulated about 91,85 thousand bitcoins on its balance sheet, investing $2.241 billion in them.
Thus, on average, each bitcoin cost MicroStrategy $24,403 thousand. At the same time, even despite the decline in the price of bitcoin, investments in the cryptocurrency number one gave the organization a gain of $2.23 billion, that is, a return on investment of almost 100%.
The confident purchase of bitcoins at any price is causing mixed reactions. Thus, the founder of Quantum Economics Maty Greenspan was surprised that this time the purchase of bitcoins passed at a price that ended up falling markedly after a few hours. However, on May 13, Anthony Pompliano, a managing partner at Morgan Creek Capital, as well as a number of other well-known investors additionally invested in bitcoins.
