#2024WithBinance MicroStrategy's Bitcoin buys clock $17B profit

MicroStrategy’s (MSTR) Bitcoin (BTC) buying spree has earned more than $17 billion in unrealized profits, according to data from MSTR Tracker.

Originally a software company, MicroStrategy has bought upward of $23 billion worth of BTC since 2020 as part of founder Michael Saylor’s unconventional corporate treasury strategy, according to MSTR Tracker, a Microstrategy database.

Those buys paid off. On Dec. 4, the price of BTC surpassed $100,000 per coin for the first time in history, and MicroStrategy’s BTC treasury is now worth more than $40 billion, the data shows.