According to a research report by Bernstein, MicroStrategy's decision to sell its bitcoin tokens to pay down debt is closely tied to how the cryptocurrency performs, presenting a sentiment risk in a down cycle. The company owns approximately 140,000 BTC at an average cost of $29,800, worth about $4 billion at current prices, and has $2.2 billion in debt, with repayments due in 2025 and beyond. MicroStrategy has pledged 15,000 of its bitcoins. High BTC prices mean a stronger balance sheet, higher stock prices, and easier debt repayment without selling its BTC holdings. MicroStrategy holds around 0.7% of total bitcoin in circulation, representing about 20% of daily average traded volume in spot markets.

MicroStrategy's infamous Bitcoin (BTC) investment strategy is playing out profitably so far into 2023.

Michael Saylor, co-founder of MicroStrategy, has integrated Bitcoin’s Lightning Network into his corporate email address. This allows anyone to use the email address, [email protected], to send bitcoin to the billionaire using The Lightning Address protocol.

National Bank of Canada increased MicroStrategy’s shareholdings by 8.8% during the first quarter, according to its recent 13F-HR form filing.

MicroStrategy co-founder Michael Saylor’s bitcoin position is no longer underwater. With Bitcoin trading for roughly $30,200, and an average purchase price of $29,803 per bitcoin, Saylor is now officially in the green.

MicroStrategy's bitcoin holdings are now in the green thanks to the recent rally in the crypto market. Bitcoin is up 1.6% over the past 10 hours and has registered an 82% increase year-to-date. The rise in bitcoin has been linked to the prospect of interest rate increases peaking amid banking stress in the U.S. and across Europe. MicroStrategy's average purchase price of bitcoin was $29,803, and recent purchases have lowered that price. The company and its subsidiaries hold approximately 140,000 bitcoins at an aggregate purchase price of approximately $4.17 billion. Shares in the firm are up 114% year-to-date and are trading at $312.78.

Bank of America and Fidelity held significant numbers of MicroStrategy shares on their balance sheets in the first quarter, suggesting continued institutional interest in indirect bitcoin exposures.

Michael Saylor has done it again. MicroStrategy announced today that it has increased its Bitcoin holdings by another 1,045 BTC. With that, the company owned by the perma-bull Saylor has now broken through the 140,000 Bitcoin threshold.

MicroStrategy buys another 1,045 Bitcoin for $29.3 million, taking its total holdings to 140,000 BTC worth over $12.6 billion.

MicroStrategy has acquired an additional 1,045 Bitcoin for approximately $29.3 million at an average price of $28,016 per BTC, bringing its total holdings to 140,000 Bitcoin acquired for approximately $4.17 billion at an average price of $29,803 per BTC. MicroStrategy's executive chairman, Michael Saylor, has been an outspoken advocate for Bitcoin and has led the charge for corporations to adopt the cryptocurrency as a strategic asset. The company's Bitcoin strategy appears to be a dollar cost averaging approach with vast amounts of money. This latest purchase is a testament to MicroStrategy's confidence in the long-term potential of Bitcoin as a store of value.