#ChartoftheDay With Bitcoin’s price topped $89,000 for the first time on Tuesday, $BTC holders are seeing huge gains. According to data on Coingecko, 29 public companies are holding Bitcoin right now. Of them, US company MicroStrategy has a whopping 252,220 #BTC, which accounts for about 1.2% of BTC’s total supply and is now worth over $20 billion at BTC's current price.
MicroStrategy’s Co-Founder, Michael Saylor, is a steadfast supporter of Bitcoin. Under his leadership, MicroStrategy has been buying and holding BTC since 2020, and now it has a paper profit of over $10 billion.
Michael Saylor mentioned in a recent X post that MicroStrategy’s treasury operations in the first 10 days of November resulted in a net benefit of about 18,410 BTC to its shareholders.
Market observers now regard MicroStrategy’s stock, $MSTR, as one of the best ways of indirectly investing in Bitcoin. Traditional financial institutions have upgraded the target price for $MSTR. Benefiting from Trump’s win, $MSTR’s price is on an upward trend.
MicroStrategy may emerge as the largest winner of this current #cryptocurrency surge.
