Under Saylor’s guidance, Microstrategy started accumulating large amounts of Bitcoin in 2021. While the company had some rough times due to this strategy, which led to Saylor giving up his CEO role, it looks like it is finally paying off.

After dropping under 20K early in the year, Bitcoin enjoyed a steady rise in recent months. It surpassed the 30K mark in October and reached $37,885 per coin last month, its highest since April 2022.

As a result, Microstrategy’s stock has been on an upward trajectory and closed at $524.20 per share on Friday. The last time the company’s shares were above $500 was back in December 2021 before reaching a low of $141.57 in late 2022.

Microstrategy is believed to have 158,400 Bitcoins in its portfolio, with its holdings being valued at around $5.6 billion. The business intelligence company purchased its coins for an average price of $29,803, meaning its investment resulted in close to $1 billion in profit at the moment.

The post Microstrategy Stock Reaches Two-Year-High Thanks to Surging Bitcoin Prices appeared first on theprimarymarket.com.

MicroStrategy’s investment came after the company paid off the remainder of the $205 million loan it took from the collapsed Silvergate Bank. It paid the last portion, amounting to $161 million, on Friday and received back 34,619 Bitcoins it surrendered as collateral. In order to settle the loan, MicroStrategy’s raised close to $340 million by selling its shares.

MicroStrategy made its newest Bitcoin investment over the past five weeks, according to U.S. Securities and Exchange Commission (SEC) filing. The company now holds 138,955 Bitcoins, making them the largest corporate holder of the cryptocurrency on the market. The Bitcoins were purchased at an average price of $29,817, valuing the investment at roughly $4.1 billion. The current value of their holdings is at $3.75 billion based on this week’s Bitcoin price of around $27,000.

MicroStrategy stock took a hit in the past five days, sliding 15 percent to $234.34 per share on Tuesday. Still, the company’s shares are more than 60 percent up year-to-date.

The post MicroStrategy Buys $150 Million in Bitcoin After Settling Silvergate Loan appeared first on theprimarymarket.com.

In Wednesday’s filing, MicroStrategy revealed that it had acquired “approximately 480 Bitcoins” from May 2nd to June 28th. It paid a price of “approximately $20,817” per Bitcoin, with fees and other expenses included. The company now owns 129,699 bitcoins, having spent an average of $30,664 per token and a total of $3.98 billion to acquire them.

After peaking at $67,000 back in November, Bitcoin has experienced a significant slide as investors moved away from risky assets. At one point, the cryptocurrency even dipped below $19K for the first time since late 2020. It is currently hovering at around $20K.

The purchase means that Saylor made good on his promise to buy more Bitcoin despite the recent loss in value. He even shared the info about the company’s Bitcoin holdings on his official Twitter page.

The news about the Bitcoin purchase put off some investors as MicroStrategy stock took a 4 percent dip shortly after. It is currently trading at $179.10 compared to the $186.12 close on Tuesday.

The post Michael Saylor’s MicroStrategy Invests Further $10 Million in Bitcoin appeared first on theprimarymarket.com.

Under Saylor’s guidance, Microstrategy started accumulating large amounts of Bitcoin in 2021. While the company had some rough times due to this strategy, which led to Saylor giving up his CEO role, it looks like it is finally paying off.

After dropping under 20K early in the year, Bitcoin enjoyed a steady rise in recent months. It surpassed the 30K mark in October and reached $37,885 per coin last month, its highest since April 2022.

As a result, Microstrategy’s stock has been on an upward trajectory and closed at $524.20 per share on Friday. The last time the company’s shares were above $500 was back in December 2021 before reaching a low of $141.57 in late 2022.

Microstrategy is believed to have 158,400 Bitcoins in its portfolio, with its holdings being valued at around $5.6 billion. The business intelligence company purchased its coins for an average price of $29,803, meaning its investment resulted in close to $1 billion in profit at the moment.

The post Microstrategy Stock Reaches Two-Year-High Thanks to Surging Bitcoin Prices appeared first on theprimarymarket.com.

MicroStrategy’s investment came after the company paid off the remainder of the $205 million loan it took from the collapsed Silvergate Bank. It paid the last portion, amounting to $161 million, on Friday and received back 34,619 Bitcoins it surrendered as collateral. In order to settle the loan, MicroStrategy’s raised close to $340 million by selling its shares.

MicroStrategy made its newest Bitcoin investment over the past five weeks, according to U.S. Securities and Exchange Commission (SEC) filing. The company now holds 138,955 Bitcoins, making them the largest corporate holder of the cryptocurrency on the market. The Bitcoins were purchased at an average price of $29,817, valuing the investment at roughly $4.1 billion. The current value of their holdings is at $3.75 billion based on this week’s Bitcoin price of around $27,000.

MicroStrategy stock took a hit in the past five days, sliding 15 percent to $234.34 per share on Tuesday. Still, the company’s shares are more than 60 percent up year-to-date.

The post MicroStrategy Buys $150 Million in Bitcoin After Settling Silvergate Loan appeared first on theprimarymarket.com.

In Wednesday’s filing, MicroStrategy revealed that it had acquired “approximately 480 Bitcoins” from May 2nd to June 28th. It paid a price of “approximately $20,817” per Bitcoin, with fees and other expenses included. The company now owns 129,699 bitcoins, having spent an average of $30,664 per token and a total of $3.98 billion to acquire them.

After peaking at $67,000 back in November, Bitcoin has experienced a significant slide as investors moved away from risky assets. At one point, the cryptocurrency even dipped below $19K for the first time since late 2020. It is currently hovering at around $20K.

The purchase means that Saylor made good on his promise to buy more Bitcoin despite the recent loss in value. He even shared the info about the company’s Bitcoin holdings on his official Twitter page.

The news about the Bitcoin purchase put off some investors as MicroStrategy stock took a 4 percent dip shortly after. It is currently trading at $179.10 compared to the $186.12 close on Tuesday.

The post Michael Saylor’s MicroStrategy Invests Further $10 Million in Bitcoin appeared first on theprimarymarket.com.