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MicroStrategy’s Michael Saylor is Now in Almost $2 Billion Profit From Bitcoin Holdings – Will He Sell?
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Business intelligence company MicroStrategy (MSTR) is nearly $2 billion in profit on its Bitcoin (BTC) holdings since it began investing in the digital asset over three years ago.
The firm’s laser-eyed owner and founder, Michael Saylor, has publicly documented all of MicroStrategy’s BTC purchases since August 2020.
Per his latest update on X last Thursday, the company “now hodls 174,530 BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin.”
Bitcoin’s current price is $41,600, meaning the company’s investment is up 37% overall. That means its total worth is now $7.26 billion, equating to $1.98 billion in still unrealized profits.
Michael Saylor’s phone actually looks like this pic.twitter.com/2SVgi0yLq0
— zkmule
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