Since the launch of spot Bitcoin ETFs on Jan 11th, over 160,000 BTC is now held in these ETFs, approaching the holdings of MicroStrategy (MSTR). Approximately $240M USD (about 5,800 Bitcoin) flows into the products daily, potentially surpassing Saylor's holdings. MicroStrategy, led by Michael Saylor, has acquired 31,755 bitcoins since the end of Q3 for $1.25 billion, totaling 190,000 bitcoins at a cost of $5.93 billion as of February 5, 2024. The company returned to profitability in Q4 after registering a tax benefit related to its crypto holdings. MicroStrategy holds almost 1% of all Bitcoin that will ever exist and recently bought an additional 850 Bitcoins (~$37M worth).
MicroStrategy reports financial results for Q4 2023 and now holds 190,000 BTC. The company purchased 31,755 new Bitcoins in Q4, at a cost of US$1.25 billion, with an average cost of US$39,411 per Bitcoin. As of February 5, 2024, the total cost of Bitcoin was $5.93 billion, with…
NEWS: @saylor's Microstrategy bought an additional 850 Bitcoins (~$37M worth).
MicroStrategy holds almost 1% of all #bitcoin that will ever exist. https://t.co/GnPo8nEYUF
MicroStrategy, the largest publicly-traded holder of Bitcoin, returned to profitability in the fourth quarter after registering a tax benefit related to its horde of the crypto https://t.co/pggFIUPQks
MSTR press release: @saylor is a BOSS - 31,755 bitcoins acquired since the end of Q3 for $1.25 billion, or $39,411 per bitcoin - 190,000 bitcoin holdings at a total cost of $5.93 billion, or $31,224 per bitcoin, as of February 5, 2024 - Total Revenues of $124.5 million, down 6%…
MicroStrategy’s Bitcoin Bet on Verge of Huge Accounting Windfall https://t.co/UxH3pRZzeC
Since spot Bitcoin ETFs were launched on Jan 11th: >160,000 BTC is now held in these ETFs, which is about 30,000 less than $MSTR ~$240M USD (about 5,800 Bitcoin) has flowed into the products per day... At this rate, the new spot BTC ETFs will eclipse Saylor's holdings by early…