With the price drop in the recent days, Bitcoin has approached the average of Bitcoin purchases of large companies.
As it is known, many companies from MicroStrategy to Tesla made Bitcoin purchases during 2020 and 2021. It is known that about 40 public companies around the world have bought Bitcoin to date. The biggest purchase was of course MicroStrategy, which has more than 124 thousand BTC.
MicroStrategy: 30 bin 159 dolar
MicroStrategy’s average cost per BTC is $30,159. The enterprise software company, which made the first Bitcoin purchase at the price level of 11 thousand 900 dollars in August 2020, is still profitable on paper with 550 million dollars.
Tesla: 31 thousand 700 dollars
Electric vehicle manufacturer Tesla also made the first Bitcoin purchase in February 2021. Tesla, which is known to have approximately 42 thousand BTC, has an average cost of 31 thousand 700 dollars per BTC. At current prices, Tesla is also making a profit of $137 million.
Square: $27,400
Block, formerly known as Square, is one of the lowest cost companies among these companies. Block made its first purchase in October 2020. The average cost of the company, which holds 8 thousand 27 BTC, is 27 thousand 400 dollars. Block’s profit on paper is also more than $60 million.
Losing on paper
There are also companies that have lost on paper from their Bitcoin investments at today’s prices. For example, gaming company NEXON bought 1717 BTC in April 2021, paying $100 million at $58,226. Chinese technology company Meitu also bought $50 million worth of BTC in March and April last year. Its average cost was over 52 thousand dollars. The US software company Phunware also made separate Bitcoin purchases at $49,750 and $59,917.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.
