BTC rise benefited MicroStrategy: 900 million dollars!

MicroStrategy, which was rumored to be liquidated with the decline of Bitcoin (BTC) last year, made a profit of $ 900 million from its investment with the recent rise of the market.

MicroStrategy, which was rumored to be liquidated with the decline of #Bitcoin $ (BTC) last year, made a profit of $ 900 million from its investment with the recent rise of the market.

Bitcoin maximalist #MicroStrategy made a profit of approximately $1 billion from its BTC investments. The company, which continues to accumulate BTC, does not prefer to sell despite making a large profit. On the contrary, the company has added 6,067 BTC to its wallet since the beginning of the third quarter.

#MicroStrategy, founded by famous businessman Michael Saylor, has 158,400 BTC. During the period when BTC fell below 16 thousand dollars, the company was on the verge of liquidation. Nowadays, the company's BTC investment has made a profit of approximately $1 billion.

Saylor's vision for BTC made MicroStrategy one of the largest BTC investors. BTC decreased by 11.5 percent in the third quarter (July 1 - September 30) from $ 30,480 to $ 26,970. The company turned this situation into an opportunity and purchased 6,067 BTC at an average price of $ 27,590 in the third quarter.

The average cost of 158,400 #BTC held by the company is $ 29,586. In this case, the company made a profit of $900 million on BTC purchases.

According to a study, the company's annual revenue was 129.5 million dollars. The BTC investment allowed the company to achieve 7 years of revenue.

On the other hand, according to data from Google Finance, #MicroStrategy's stock price (MSTR) increased by 2.7 percent to $438.
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