MicroStrategy Makes Latest Bitcoin Purchase
MicroStrategy is one of the most prominent institutional investors in Bitcoin, but even for professional investors, knowing the right timing can be difficult. But for MicroStrategy, timing is not something that matters much, as evidenced by the companyâs latest purchase.
In August 2024, MicroStrategy acquired 8,169 Bitcoin at an average price of $67,455 per coin, which currently amounts to a loss of about $1.3 million, or an 11.61% decrease in value.
While MicroStrategyâs Bitcoin holdings have been profitable over the long term, Bitcoinâs poor performance draws attention to the companyâs latest purchase.
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