MicroStrategy successfully exits the market! Bitcoin investment yields approximately $27 million, with a return rate of 0.66%, lower than fixed deposits.

As Bitcoin surged past the $30,000 mark this week, software company MicroStrategy, which had been heavily invested in Bitcoin, has finally managed to free itself from the trap of being underwater since Bitcoin's high point in 2021 through continuous efforts to average down. Additionally, in the first quarter of this year, U.S. banking and asset management giant Fidelity purchased tens of thousands of shares of Bitcoin, indicating that institutions still hold interest in indirect Bitcoin investments.

MicroStrategy Makes Money with Bitcoin!

According to records, after MicroStrategy's last purchase of Bitcoin on 4/5, the total number of Bitcoins purchased by MicroStrategy reached 140,000, with an average cost of $29,803, totaling $4.17 billion spent.

With Bitcoin breaking $30,000 this morning and still maintaining a price above $30,000 at press time, MicroStrategy can be said to have temporarily escaped its losses. Calculated at a price of $30,000 per Bitcoin, MicroStrategy's Bitcoin purchase has brought in an astonishing $27.58 million in profits, with a return rate of approximately 0.66%.

However, MicroStrategy's co-founder Michael J. Saylor, as a staunch believer in Bitcoin, has publicly stated multiple times that Bitcoin is digital gold and the scarcest asset in the world. Since announcing in September 2020 that Bitcoin would be the company's primary reserve asset, MicroStrategy is unlikely to engage in large-scale selling of Bitcoin for the time being.

MicroStrategy Provides Indirect Bitcoin Exposure, Bank of America and Fidelity Invest

Since MicroStrategy began buying Bitcoin, the stock price of the company on Nasdaq: MSTR has closely followed the trend of Bitcoin. For some institutional investors, MicroStrategy's stock is one of the closest risk targets for conducting spot Bitcoin trading in regulated markets.

According to a report by Blockworks, both Bank of America and asset management company Fidelity purchased MicroStrategy's stock in the first quarter of this year, with 86,147 and 97,199 shares bought respectively. This seems to indicate that some institutions continue to have interest in indirectly holding Bitcoin exposure.