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.
| 2021 | 2022 | Q1 & April 2023 | |
| Funds deployed | 70% | 6,9% | 4,3% |
| Nr. BTC acquired | 43,4% | 6,1% | 5,4% |
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.
| Date | BTC Price | Av. BTC Price | Amount | Cost | Market Value | Profit/Loss |
| 29.06.22 | $21,1k | $30,7k | 129’698 | $3’977m | $2’612m | -$1’366m |
| 04.04.23 | $27,9k | $30k | 140'000 | $4’207m | $3’905m | -$302m |
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.comSource 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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