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MicroStrategy's Bitcoin holdings unrealized profits soar to $2.2 billion

The average Bitcoin acquisition price now stands at $31,225, with a $5.9 billion total cost and $8.1 billion in holdings.

MicroStrategy's Bitcoin holdings unrealized profits soar to $2.2 billion

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MicroStrategy bought over $37 million in Bitcoin (BTC) on Jan. 31, and now amasses 190,000 BTC after 25 investments made in almost two and a half years. In a Feb. 6 post on X (formerly Twitter), the community manager for the on-chain data platform CryptoQuant, Maartunn, highlighted a few facts about MicroStrategy’s journey with Bitcoin.

Since Aug. 11, 2020, when the publicly listed technology company bought $250 million in Bitcoin, MicroStrategy has spent over $5.9 billion accumulating the largest crypto by market cap. Their average price, according to a CryptoQuant dashboard, is $31,225, and they have acquired Bitcoin 25 times.

Maartunn also pointed out that MicroStrategy’s BTC holdings are worth $8.1 billion, which leaves their unrealized profit at almost $2.2 billion. A CoinGecko research pointed out that the average industry veteran prediction for the BTC price in 2024 is $87,000. This means that MicroStrategy’s unrealized profit could still surpass $10 billion if the predictions are fulfilled.

MicroStrategy moves

The time when the company co-founded by now Bitcoin bull Michael Saylor bought the most Bitcoins was on Dec. 21, 2020, with approximately 29,646 BTC accumulated through a $650 million investment. However, measuring in dollars, MicroStrategy spent the most on Feb. 24, 2021, when the company spent over $1 billion acquiring 19,452 BTC.

MicroStrategy's Bitcoin holdings unrealized profits soar to $2.2 billion
MicroStrategy’s Bitcoin acquisitions since August 2020. Image: CryptoQuant

After more than two years of investing in Bitcoin, MicroStrategy only sold a part of their holdings one time, on Dec. 22, 2022. The tech company sold 704 BTC to compensate for profits in other areas, according to documents filed with the US Securities and Exchange Commission.

At the time of the selling, their average acquisition price was around $30,400, while Bitcoin’s price stood at $16,800, resulting in a $9.5 million loss.

Nonetheless, MicroStrategy can be considered what the crypto community calls ‘diamond hands’, a title given to investors that hold their Bitcoin no matter what happens.

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