MicroStrategy’s Bitcoin Holding Reaches $750 Million in Unrealized Profit
MicroStrategy’s Bitcoin Holdings and Profits
MicroStrategy, an American business intelligence company, currently holds 158,245 BTC, valued at over $5.4 billion. The company has an unrealized profit of approximately $750 million, with an average cost per BTC below $30,000. In November 2021, when Bitcoin reached nearly $70,000, MicroStrategy had unrealized profits of about $3.5 billion.
Patience is a Virtue
Bitcoin’s recent surge to $35,000, the highest level since May 2022, has brought joy to bulls and long-term investors who weathered the bear market. MicroStrategy, too, had to wait for better days to see its BTC investment become profitable. Currently, the company’s holdings represent a significant unrealized profit.
Michael Saylor’s Pro-Bitcoin Stance
Michael Saylor, the Executive Chairman of MicroStrategy, is a vocal advocate for Bitcoin. He believes that Bitcoin’s limited supply of 21 million coins makes it an excellent hedge against inflation. Saylor has previously advised individuals in countries with struggling economies and devaluing fiat currencies to consider investing in Bitcoin. Additionally, he has made bold predictions about Bitcoin’s price, suggesting that it could reach $1 million.
