MicroStrategy (MSTR) became profitable again after the rise in Bitcoin price.
MicroStrategy, which started adding Bitcoin to its balance sheet for the first time in August 2020, lived through 2022 It had incurred a loss on this investment due to loss of value.
The expectation of the halving next year and the positive developments regarding the spot Bitcoin ETF in recent days have reactivated the Bitcoin price. Bitcoin since the beginning of this year almost twice as valuable.
MicroStrategy most recently reported average per unit sales in September. 5,445 Bitcoins at $27,053 he bought. With this transaction, the total number of Bitcoins on the company’s balance sheet rose to 158,245. Average per unit for these $29,582 The total cost of the paying company is approx. $4.68 billion happened.
According to Bitcoin Treasuries data, the current value of Bitcoins on the company’s balance sheet, $5.3 billion at the level.
After MicroStrategy started investing in Bitcoin Sell Bitcoin only once made. The company earned approximately $11.8 million in revenue for the 704 Bitcoins it sold in December 2022.