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 company’s 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 MicroStrategy’s Bitcoin holdings have been profitable over the long term, Bitcoin’s poor performance draws attention to the company’s latest purchase.

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