The company’s 840.45K BTC holdings now trade above its average cost basis as Bitcoin extends gains.
MicroStrategy reported a $4.7 billion unrealized profit on its Bitcoin holdings as BTC prices surged. The company’s 840.45K BTC position, disclosed in a recent filing, has climbed above its average purchase price, reversing prior losses.
MicroStrategy held approximately 205,000 BTC at the end of 2022, with an average cost of around $30,200 per coin. Bitcoin’s rally this year has pushed prices above $60,000, recovering from a 2022 low near $16,000.
The turnaround highlights the company’s heavy exposure to cryptocurrency markets as a corporate treasury strategy.