Bitcoin Surpasses $30,000: MicroStrategy and Michael Saylor Rubbing Hands


I see trees of green – If you have consulted the bitcoin (BTC) price since this Tuesday, April 11, you have undoubtedly noticed that the king of cryptos has again reached and surpassed $30,000. If this makes the cryptosphere globally happy, many at MicroStrategy must have jumped for joy when crossing this symbolic threshold. The company of Michael Saylor indeed comes from go green on his huge investment in Bitcoin.

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MicroStrategy’s 140,000 bitcoins start moving into profit again

No one yet knows if Bitcoin will succeed in keeping $30,000, or even progress significantly beyond that, but a bit of excitement is already returning to the cryptosphere. A crypto spring seems to have started since the beginning of this year, while theannus horribilis what 2022 was like seems to be further and further behind us.

As we mentioned less than a week ago, on April 5, 2023 precisely, the company MicroStrategy bought another 1,045 more bitcoins, making his total investment at 140,000 BTC! If we can already notice that this represents a nice sum equivalent to more than $4.2 billion during the day, another major element must be taken into account.

Indeed, as the visual below of the founder of MicroStrategy reminds us, Michael Saylorand which therefore dates from their last crypto purchase of last week – these bitcoins were purchased from a average unit price of about $29,800. Considering the price of BTC at the time of this writing ($30,150), MicroStrategy is therefore beneficiary of +49 million dollars on his crypto-investment.

On April 5, 2023, Michael Saylor announced that MicroStrategy had 140,000 bitcoins.

MicroStrategy had not been profitable on its Bitcoin bet since the month of June 2022. Along crypto winter would it finally be ended for Michael Saylor and his company? In any case, this listed company (MSTR share on the Nasdaq stock exchange) succeeded in to get out of the quagmire of the Silvergate Bank without the slightest worry, which is already a good thing in itself (for her, and for her bitcoins).

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