Exactly 3 years ago, Microstrategy started buying Bitcoin and became first public company to add Bitcoin to their balance sheet when they bought $250 million of it (21,454 BTC). Since then they steadily kept buying more and added another 131,346 Bitcoins.

So exactly 3 years ago Michael Saylor's company MicroStrategy decided to start to go all in on Bitcoin. Their first purchase was a pretty big one, and they paid exactly quarter of a billion to add almost 21,500 Bitcoins to their balance sheet. That means their first average buy has been 11.6k USD per one Bitcoin.

Since then they just started accumulating even more, and at a very steady rate, and their average buy is now at $29,672 per bitcoin with a total cost of $4.53 billion USD. Considering Michael Saylor and his company are constantly buying it's no wonder they averaged up their avg Bitcoin price purchase, and it is even lesser surprise that their average purchase is equivalent to current BTC prices.

With almost $5 billion in BTC purchases so far, Michael Saylor is basically betting his whole company on success of Bitcoin. Company basically became a Bitcoin ETF in last 2 years, and if Bitcoin truly skyrockets even more one day, especially since a lot of people expect that to become true maybe year after Bitcoin's next halving, Microstrategy could become one of the most valuable companies in the world, especially if they keep accumulating even more during bear market.