Shares of the largest cryptocurrency owner have doubled in 1 month

Despite the fact that MicroStrategy reported a quarterly loss yesterday, February 2, the value of MicroStrategy’s securities has almost doubled this year. As of February 3, the share price was around $ 285.45, up 97% from early January this year. Over the past five days, the stock has gained about 12% in value.

It is noteworthy that the corporation reported its eighth consecutive quarterly loss of $ 249.7 million, which amounted to $ 21.9 per share. This trend is largely due to the prolonged decline in the flagship crypto asset that was observed throughout the previous year.

Currently, MicroStrategy owns about 131.5 thousand BTC, which at the current exchange rate is estimated at $ 3.1 billion. At the same time, the average purchase price was $ 30,137 per coin. The company first purchased bitcoin in August 2020, and since then, the value of its shares has increased by 113.8%.

At the moment, the flagship of the crypto market is quite far from its historical high of $ 69,044. However, it seems that the head of MicroStrategy, Сейлор" href="https://noworries.media/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor, is not bothered by this state of affairs.

On Friday, February 3, he gave an interview to CNBC, in which he said: «Our strategy is to buy BTC coins and hold them for a long time. And to realize this approach, we need to be consistent, transparent, and responsible.»