MicroStrategy’s Bitcoin holdings exceed $10 billion in value
With today's short-term surge in Bitcoin prices exceeding $53,000, MicroStrategy's Bitcoin holdings have floated more than $4.1 billion, with a total of 190,000 Bitcoins held and an average purchase price of $31,224 per coin. MicroStrategy's total Bitcoin holdings have surpassed $10 billion in value.
Vanguard, an American asset management company, holds 8.24% of MicroStrategy's shares and is its second largest institutional shareholder.
On January 13th, it was reported that US asset management company Vanguard is one of the largest shareholders of MicroStrategy. As of September 2023, Vanguard holds an 8.24% stake in the company, making it the second largest institutional shareholder.
Cryptocurrency-related stocks open lower, MicroStrategy drops more than 6%
The US stock market opened with the Dow Jones down about 85 points, the S&P 500 index down 0.5%, and the Nasdaq down 0.82%. Cryptocurrency-related stocks opened lower, with Marathon Digital (MARA.O) down over 10%, Riot Blockchain (RIOT.O) down over 10%, Coinbase (COIN.O) down nearly 7%, and MicroStrategy (MSTR.O) down over 6%.
MicroStrategy Co-Founder Michael Saylor to Sell $216 Million in Stock Options to Buy More Bitcoin for Personal Account
MicroStrategy co-founder Michael Saylor plans to sell $216 million worth of stock options in the company to buy more Bitcoin for his personal account. Saylor, a vocal proponent of Bitcoin, has already acquired 189,150 BTC for MicroStrategy, worth over $8.5 billion at today's prices. He also holds 17,732 BTC in his personal account, worth just over $800 million at current prices. Saylor will exercise and sell 5,000 shares each trading day, starting on January 2nd and ending on April 25th, subject to a minimum price condition.
Coinbase and MicroStrategy were up about 6% and 9% respectively before the market opened.
According to The Block, the stock prices of Coinbase and MicroStrategy rose by about 6% and 9%, respectively, in pre-market trading today. Coinbase's stock price rose 6.4% to $184.99, while MicroStrategy's stock price rose 9.3% to $690.30.In addition, Coinbase has been designated as the custodian service provider for several spot Bitcoin ETF applicants, while MicroStrategy increased its Bitcoin holdings by 14,620 BTC between November 30 and December 26, bringing its total Bitcoin holdings to 189,150, currently valued at approximately $8.7 billion.
MicroStrategy purchased approximately 14,620 Bitcoins for approximately $615.7 million
MicroStrategy and its subsidiaries purchased approximately 14,620 bitcoins for about $615.7 million in cash between November 30 and December 26. They currently hold 189,150 BTC.
Microstrategy's pre-market price is $611.5, and its stock price has soared 347% this year
Microstrategy's pre-market quote is $611.5, down from a low of $136.56 in January, and the stock price has soared 347% in 2023.
MicroStrategy's Bitcoin holdings hit $2.3 billion in floating profit
According to market data, as Bitcoin has surged above $44,000, MicroStrategy's Bitcoin holdings have reached a floating profit of $2.3 billion.
U.S. digital currency concept stocks rose, with Robinhood rising more than 8% during the session
Market data shows that US stock digital currency concept stocks are rising, with Robinhood (HOOD.O) up more than 8% during trading, Coinbase (COIN.O) up more than 3%, and MicroStrategy (MSTR.O) up nearly 3%.
Unrealized profits from MicroStrategy’s Bitcoin holdings have exceeded $1.6 billion
MicroStrategy's unrealized profit from holding Bitcoin has exceeded $1.6 billion.
