MicroStrategy ($MSTR) bought 1 billion worth of Bitcoins in Q1 2021 !!!

WoW!!! MicroStrategy just doubled their bet. See:

BITCOIN ACQUISITION

In Q1 21, purchased ~20,857 bitcoins at an aggregate cost of ~$1.086 billion with an average purchase price of ~$52,087 per bitcoin, inclusive of fees and expenses. This includes the proceeds from $1.05 billion in convertible notes issued in Q1 2021 at 0 bps coupon and 50% premium.

As of 3/31/21 the company holds ~91,326 bitcoins at an aggregate cost of ~$2.21 billion with an average purchase price of ~$24,214 per bitcoin, inclusive of fees and expenses. The carrying value of our bitcoin holdings is $1.95 billion and reflects $264.8 million in cumulative impairment charges, which is reflected as a loss on our GAAP income statement in the period incurred.

In April 2021, purchased ~253 bitcoins at an aggregate cost of ~$15 million with an average price of ~$59,339 per bitcoin, inclusive of fees and expenses.

The company currently holds ~91,579 bitcoins at an aggregate cost of ~$2.23 billion with an average purchase price of ~$24,311 per bitcoin, inclusive of fees and expenses.

The market value of the company’s bitcoin holdings is ~$5.1 billion and is calculated based on the company’s current bitcoin holdings of ~91,579 and the market price of bitcoin of ~$55,492 at 4 PM Eastern Time on 4/28/21.

Reference: https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/events-presentations/Q1-2021-microstrategy-earnings-presentation.pdf

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