Amid crypto winter, MicroStrategy has bought an additional 480 bitcoins for about $10 million at an average of $20,817 for each. As of June 28, the company has 129,699 bitcoins, acquired for $3.98 billion at an average price of $30,664 per token. Michael Saylor, the MicroStrategy CEO, wrote that on Twitter.
The current bitcoin holdings in treasury for Microstrategy are valued at $2.5 billion. The company’s current bitcoin holdings are priced at $2.5 billion. That means the crypto giant is currently sitting on an unrealized loss of more than $1.4 billion.
Saylor previously predicted that in the future, the price of this cryptocurrency would reach $1 million. And he is so confident that he promises to keep buying new portions of the asset.
Earlier, there had been concerns that MicroStrategy could face a $205 million margin call on the $205 million Silvergate loan used to buy a new BTC a few months ago. However, the company has denied this information.
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