MicroStrategy has recently reset its unrealized loss on purchased bitcoins after the leading cryptocurrency skyrocketed to the $30,000 mark.
The company’s average purchase price for 140,000 BTC was $29,803, resulting in a position value of approximately $4.21 billion.
On April 11, Bitcoin’s value surged to levels not seen since June 2022, trading at $30,060. Between March 24 and April 4, 2023, MicroStrategy purchased 1,045 BTC worth $29.3 million at an average price of $28,016, in addition to the 6,455 BTC worth $150 million bought in March.
Despite reporting a quarterly loss of $249 million and raising $46.6 million since September 2022, founder Michael Saylor confirmed the company’s commitment to further investments in digital gold, demonstrating that the crypto winter had no impact on its strategy.
