{"id":86103,"date":"2023-10-23T16:51:00","date_gmt":"2023-10-23T13:51:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86103"},"modified":"2025-09-13T03:22:51","modified_gmt":"2025-09-13T00:22:51","slug":"paper-profit-on-microstrategys-bitcoin-exceeds-170-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paper-profit-on-microstrategys-bitcoin-exceeds-170-million\/","title":{"rendered":"Paper profit on MicroStrategy&#8217;s Bitcoin exceeds $170 million"},"content":{"rendered":"<p>On October 23, after Bitcoin breached the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-breaches-30000-on-rumors-of-blackrock-etf-approval\">psychological level of $30,000<\/a>, the analytics-software provider MicroStrategy moved into profit on its position in digital gold.<\/p>\n<p>As of writing, unrealised profit stood at $170.7 million.<\/p>\n<div class=\\\"wp-block-image\\\">\\n<\/p>\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-798.webp\\\" alt=\\\"1-798\\\" class=\\\"wp-image-218601\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data:<a href=\\\"https:\/\/bitcointreasuries.net\/\\\"> BitcoinTreasuries<\/a>.<\/figcaption><\/figure>\n<\/div>\n<p>In September, MicroStrategy also acquired <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-5445-btc-for-147-million\"> 5,445 BTC<\/a>.<\/p>\n<p>As a result, the company held 158,245 BTC with an average purchase price of $29,582. By comparison, Tesla&#8217;s figure stands at about $32,000.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a>. As of 9\/24\/23 <a href=\\\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\\\">@MicroStrategy<\/a> hodls 158,245 <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. <a href=\\\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$MSTR<\/a> <a href=\\\"https:\/\/t.co\/GbJtUoQfXv\\\">https:\/\/t.co\/GbJtUoQfXv<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\\\"https:\/\/twitter.com\/saylor\/status\/1706278284651077714?ref_src=twsrc%5Etfw\\\">September 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script> <\/p>\n<p>In June the software provider disclosed investments in its first cryptocurrency for the second quarter \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-12333-btc-for-347-million\"> 12,333 BTC for $347 million<\/a>. Earlier the company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-6455-more-btc-for-150-million\">invested $150 million<\/a> in Bitcoin in March.<\/p>\n<p>In August MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-467-btc-for-14-4-million\">also bought 467 BTC<\/a> for $14.4 million. The firm&#8217;s only sale was in December 2022, <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-2501-btc-for-about-44-6-million-says-founder-michael-saylor\">selling 704 BTC<\/a> at an average price of $16,776.<\/p>\n<p>In May, the company backed a proposal by <a href=\\\"https:\/\/en.wikipedia.org\/wiki\/Financial_Accounting_Standards_Board\\\" title=\\\"\\\">FASB<\/a>, which envisages using fair-value accounting for cryptocurrencies in the balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 23, after Bitcoin breached the $30,000 psychological level, the analytics-software provider MicroStrategy moved into profit on its position in digital gold.<\/p>\n","protected":false},"author":1,"featured_media":86104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207],"class_list":["post-86103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86103"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86103\/revisions"}],"predecessor-version":[{"id":86105,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86103\/revisions\/86105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86104"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}