MicroStrategy added 11,931 BTC to its position! Can I make money by buying with Microstrategy?

Microstrategy, the dominant Bitcoin holdings among US listed companies, announced on June 13 that it planned to issue a private placement of convertible bonds due in 2032 worth US$500 million, and The funds raised will be used to purchase Bitcoin and company operations.

MicroStrategy added another 11,931 BTC positions

And just last night (20th), MicroStrategy stated in a newly disclosed document that they had completed the issuance of convertible bonds on June 18 and obtained 786 million US dollars in new funds, and has purchased another 11,931 Bitcoins at an average price of US$65,883.

Further boosting the micro-strategy’s current Bitcoin holdings has risen to approximately 226,400, with a total value of approximately US$14.7 billion. According to the latest statistics, the investment cost of micro-strategy totals approximately US$8.33 billion, and the current floating profit exceeds US$6.4 billion.

MicroStrategy has been continuously buying BTC since August 2020

Since August 2020, Michael Saylor, the founder of MicroStrategy, announced that he would continue to invest in Bitcoin, and then started a crazy road of hoarding coins. Not only his positions Bitcoin has gradually accumulated a large amount of profits, and its stock price has also risen accordingly, rising from US$146 in August 2020 to US$1,474 now, an increase of more than 900%.

Micro-strategy Bitcoin positions and stock price changes

Can you make money by buying Bitcoin by following micro-strategy?

According to the statistical data of bitcointreasuries, MicroStrategy has successively added dozens of positions since August 2020.

Long-term view (4 years)

If you have followed the micro-strategy from the beginning, then based on the current market price of Bitcoin of $65,000, it will only happen on June 20 this time, and in March this year The three purchases were expensive on March 31 and March 10, and the lowest purchase price was on September 14, 2020, with an average price of $10,329.

That is to say, if you follow the micro-strategy and accumulate Bitcoin and hold it until now, you will basically make a full profit.

Micro-strategy’s previous time points for adding positions in Bitcoin

In the short term (just look at the past year)

If the time is shortened, look at the data of the past year. MicroStrategy has made a total of 13 purchases since June 28 last year. Basically, except for the purchase in March this year, which was too expensive (three additional positions), there were also substantial profits at other entry times, and the investment winning rate is quite high.

However, after all, the micro-strategy has been laid out very early, so the average purchase cost after multiple positions is only about US$36,000; and assuming you start buying from the bull market in 2021, you will also withstand a long period of sharp growth. Loss.

So if you follow the micro-strategy and buy BTC from now on, it may be difficult to make substantial profits in the short term. Investors are advised to DYOR.

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