🚀 MicroStrategy's massive Bitcoin portfolio is profitable
MicroStrategy's Bitcoin portfolio is profitable after BTC re-conquered the $35,000 mark this morning. Up to now, after more than 3 years entering the market, billionaire Michael Saylor's company is holding 158,245 BTC.
To date, MicroStrategy has only sold 708 BTC (worth $11 million) in December 2022. There was a time when MicroStrategy lost up to 45% of this investment, but with its long-term Bitcoin investment strategy, the company has made 4 new purchases this year.
According to calculations, the company spent a total of 4.72 billion USD to own 158,245 BTC. According to the current BTC price, the giant's Bitcoin investment is worth 5.46 billion USD - Recording a profit of approximately 731 million USD (equivalent to 15.47%).
According to data from Bitcoin Treasuries, MicroStrategy's position is 14 times larger than the world's second largest Bitcoin holding organization, Marathon Digital Holdings, when this organization only holds 11,466 BTC.
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