MicroStrategy’s Bitcoin (BTC) holdings have turned profitable for the first time since July, now that BTC has broken through $30,000.
As of Oct. 23, MicroStrategy held 158,245 BTC, worth $4.847 billion, up about $132 million from the original amount invested — with the Bitcoin purchased at an average cost of $29,870 per coin. In other words, the firm is now up at least $130 per coin.
MicroStrategy Bitcoin holdings as of Oct. 23. Source: BlockchainCenter.NetBitcoin vs. S&P 500, Nasdaq, gold, silver and bond returns since August 2020. Source: Michael Saylor/XBTC/USD daily price chart. Source: TradingView
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