MicroStrategy, one of the largest Bitcoin holding companies in the world has released the second quarter financial results of 2023. In this recently released data, we get to know the current BTC holding of the company and other things related to Bitcoin. Although, company has lot of other non-crypto related data, we won't go through it as we'll be looking into it from the crypto space perspective. So, let's dive inl
2nd August: Michael Saylor Announced Results!
Today on 2nd of August, the founder, and the chairman of MicroStrategy company has announced that the company has purchased the additional 467 Bitcoins for the total amount of $14.4 million and the Q2 financial results through his tweet.
According to the first quarter financial results, the company was holding 140,000 Bitcoin in total and as per second quarter results, the company is holding 152,800 BTC In total. This means that, MicroStrategy has bought 12,800 BTC since first quarter. According to the available data, they have spent over $361 million in the second quarter for purchasing Bitcoin for an average price of $28,233 per Bitcoin.
Currently, MicroStrategy holds 152,800 BTC at a cost of $29,672 per Bitcoin, which means company holds over $4 billion worth of Bitcoin.
Ref_link: adbtc.top (highest paying Bitcoin FaucetWhat's the Take?
Well, Michael Saylor is the Bitcoin believer and promoter, we all know that. His company is buying Bitcoin for a very long time, and the good thing is that they are still buying! Even in the critical situations like ongoing 'SEC vs Cryptocurrency' scenario, company like MicroStrategy is buying Bitcoin is a happy moment for the crypto space.
Almost every article that I've recently published such as, 'Structural Changes in Bitcoin Trading Volume' and other related to 'CME Institutional Long Positions' suggests that the large players are betting on the long side. I am not sure why they are longing so aggressively though! Connecting all these dots and this a newly added dot in the picture suggests that the institutions and large players are into filling their bags with Bitcoin, are you?
Checkout the relevant documents here:
PDF Version: MicroStrategy Q2 Results (PDF)
MicroStrategy Q2 Earning Presentation
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Thanks for Your Time!
