MicroStrategy Purchased 6,455 BTC for $150 Million at an Average Price of $23,238 per Bitcoin! Now MicroStrategy owns approximately 138,955 bitcoins and their average buy in price went from $30,415 to $29,817 per bitcoin. Will MicroStrategy be brake even soon?

Hi everyone,

MicroStrategy acquired some BTC again! This time they bought 6,455 BTC for $150 Million inclusive of fees and expenses. The average price is $23,238 per Bitcoin. It's good to see that companies like Microstrategy are very bullish on BTC, also their latest purchase is already in profit right now.

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Michael Saylor's Tweet on Twitter

On December 24 2022 MicroStrategy owned 132,500 bitcoins and their average price was $30,415 per bitcoin with a total cost of $4.027 billion USD. So this means that their latest purchase will decrease their average buy in price.

The numbers now:

They own approximately 138,955 bitcoins and their average buy in price is $29,817 per bitcoin. The average buy in price in US dollars is $4.14 billion. This means that they are break even soon if BTC continues the upward trend.

Their DCA in strategy is definitely working. Will they be break even soon?

ChemicalGreek

Sources:

1. Twitter @ saylor and @ tier10k
2. https://www.streetinsider.com/Corporate+News/Microstrategy%2C+Inc.+%28MSTR%29+acquired+approximately+6%2C455+bitcoins+for+approximately+%24150+million+in+cash/21419728.html
3. https://buybitcoinworldwide.com/microstrategy-statistics/