MSTR buying BTC again

Microstrategy has been relatively timid during Q2 and Q3 of 2022. Over a period of 6 months, they “only” bought 781 Bitcoin for a total of $16 million. Activity picked up in Q4 2022.

• 2500 BTC in Q4 2022
• 6455 BTC between February 16th and March 23rd 2023
• 1045 BTC between March 24th and April 4th 2023

MSTR bought 8’108 Bitcoin in the whole of 2022. They already added 7’500 Bitcoin in 2023 – and the second quarter has barely started.

Bitcoin Magazine provided a different frame of looking at it:

MicroStrategy now owns 1 out of every 150 Bitcoin that will ever exist

Source: Twitter

That amounts to 0,7% of 21 million Bitcoin.

Bitcoin Ownership

Starting August 2020, Microstrategy bought in aggregate 140 thousand BTC at a total cost of $4,2 billion for an average price of $30k.

With BTC at $27’893 today, this amounts to a market value of $3,9 billion and an overall paper loss of $302 million. The total position is only 7,2% underwater.

The situation has improved dramatically compared to the middle of last year. On the 29th of June 2022 the loss on paper was $1’366 million with Bitcoin at $21,1k.

George Gammon from the Rebel Capitalist and Doomberg talk to Michael Saylor: George focuses on Bitcoin, Doomberg drills down on MicroStrategy.
George Gammon/Doomberg vs. Michael Saylor LIVE (Bitcoin/MicroStrategy Debate) – 19.12.22

The discussion with Doomberg starts at the 1 hour mark.

Sources:

• Source Microstrategy financials:
  Microstrategy investor relations page for 8-K, 10-K and 10-Q reports.

• Source Microstrategy stock market data: finance.yahoo.com

• Source shares outstanding:
  ycharts.com

• Source BTC price:
  coingecko.com

Notes:

• Funds deployed: funds allocated during a certain period in comparison with overall investments in a particular asset
• Nr. BTC acquired: amount Bitcoin acquired during a certain period in comparison with total amount on the books

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