Bitcoin, my precious! – It was in August 2020 that the company MicroStrategylisted on the NASDAQ (MSTR), began its strategy of inflation protection fiat currencies: buy as many bitcoins (BTC) as possible! Since then, the precious cryptocurrency has continued to accumulate in cash of this computer software specialist. Some thousands of BTC more have just landed there.
MicroStrategy has built up a fabulous treasure of 130,000 bitcoins
The group MicroStrategy Incorporatedfounded by Michael Saylorbuys (very) regularly bitcoins in the cryptocurrency market. Indeed, the professional software giant fears that its reserves in dollars and other currencies fiat depreciate sharply with money printing relentless central banks – US Federal Reserve (Fed) in the lead.
MicroStrategy is thus one of the first large groups to have perceived Bitcoin as a store of valuesimilar togold. According to an official document (Form 8-K) sent to the Securities and Exchange Commission (SEC) on April 5, 2022, MacroStrategy LLCa subsidiary of the MSTR group, has recently invested in 4,167 bitcoins additional.
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An average purchase price that makes you dream: 30,700 dollars per BTC
As the document details, the MicroStrategy subsidiary purchased these bitcoins between February 15 and April 4, 2022, for an amount of $190.5 million. The average cost price per BTC is therefore here $45,714.
As of April 5, the MicroStrategy group (thus including all of its subsidiaries) had an impressive total of 129,218 bitcoinsacquired for a total amount of approximately $3.97 billion. The average price of each of these BTC is therefore approximately $30,700!
With a price of around 45,250 dollars per bitcoin at the time of writing these lines, this hoard is currently valued at more than $5.8 billiona juicy capital gain latent a little more than +46% (in dollars).
And the craziest thing about this crypto bet is not even there. Indeed, the MicroStrategy group has now accumulated so many bitcoins that he can afford to use it as collateral to take out dollar loans. The present purchase described here has, in fact, been allowed by a loan $205 million from Silvergate Bank, against a guarantee equivalent to $820 million in bitcoin!
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