What is the Cost Price of Facebook Bitcoin?

　　In recent years, cryptocurrencies have gained immense popularity, and Bitcoin, in particular, has become a hot topic of discussion. As one of the most influential companies in the tech industry, Facebook has also ventured into the cryptocurrency market. However, many people are still wondering: what is the cost price of Facebook Bitcoin?

　　Firstly, let's clarify the concept of cost price. Cost price refers to the total amount of money spent to acquire an asset, including the purchase price and any additional expenses incurred during the acquisition process. In the case of Facebook Bitcoin, the cost price would be the amount of money Facebook invested in acquiring the cryptocurrency.

　　Facebook's interest in cryptocurrencies began with the launch of its own digital currency, Libra (now known as Diem). As part of its plan to enter the global payments market, Facebook acquired a significant amount of Bitcoin. According to reports, Facebook spent approximately $1.9 billion to purchase 10,000 Bitcoin in 2018. This amount represents the cost price of Facebook Bitcoin at that time.

　　However, the cost price of Facebook Bitcoin has fluctuated over time due to the volatility of the cryptocurrency market. Since the acquisition, Bitcoin has experienced significant price fluctuations, reaching an all-time high of nearly $65,000 in April 2021. As a result, the cost price of Facebook Bitcoin has also changed.

　　To calculate the current cost price of Facebook Bitcoin, we need to consider the number of Bitcoin Facebook owns and the average purchase price. According to reports, Facebook has not disclosed the exact number of Bitcoin it owns. However, it is estimated that the company has around 10% of its Bitcoin still in its possession. Assuming Facebook still holds 1,000 Bitcoin, we can calculate the average purchase price by dividing the total cost price ($1.9 billion) by the number of Bitcoin purchased (10,000).

　　Average Purchase Price = Total Cost Price / Number of Bitcoin Purchased

　　Average Purchase Price = $1.9 billion / 10,000

　　Average Purchase Price = $190,000

　　Based on this calculation, the average purchase price of Facebook Bitcoin is approximately $190,000. However, this figure does not take into account the fluctuations in the market. If we consider the current market price of Bitcoin, which is around $45,000, the cost price of Facebook Bitcoin would be significantly lower.

　　To determine the current cost price of Facebook Bitcoin, we can multiply the average purchase price by the number of Bitcoin Facebook still owns:

　　Current Cost Price = Average Purchase Price * Number of Bitcoin Still Held

　　Current Cost Price = $190,000 * 1,000

　　Current Cost Price = $190 million

　　Therefore, the current cost price of Facebook Bitcoin is approximately $190 million. This figure represents the amount of money Facebook invested in acquiring the cryptocurrency, and it is subject to change as the market continues to evolve.

　　In conclusion, the cost price of Facebook Bitcoin is a dynamic figure that has fluctuated over time due to the volatility of the cryptocurrency market. As Facebook continues to navigate the world of digital currencies, it is essential to understand the cost price of its Bitcoin holdings to assess the potential returns on its investment.

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