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Binance News
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MicroStrategy's Bitcoin Investments Yield an Unrealized Profit of $746M
According to Lookonchain: As Bitcoin ($BTC) sees a significant climb in its value, MicroStrategy is positioned to benefit substantially. According to financial data, the company currently holds an enormous collection of 158,245 Bitcoin, equivalent to approximately $5.4 billion. These holdings have managed to generate a sizeable unrealized profit of close to $746 million.
It's worth noting that MicroStrategy has been actively buying Bitcoin amidst market fluctuations. Since May 2022, the company has purchased an impressive 28,560 Bitcoin, valued at around $734 million, at an average cost of $25,707 per unit. This strategic acquisition has helped to reduce the company's average Bitcoin buying price to $29,582, a beneficial position considering the ongoing surge in Bitcoin's market worth.
It's worth noting that MicroStrategy has been actively buying Bitcoin amidst market fluctuations. Since May 2022, the company has purchased an impressive 28,560 Bitcoin, valued at around $734 million, at an average cost of $25,707 per unit. This strategic acquisition has helped to reduce the company's average Bitcoin buying price to $29,582, a beneficial position considering the ongoing surge in Bitcoin's market worth.
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