The post Michael Saylor Nets $1.5B Bitcoin Profit Amid BTC $39k Rally appeared on BitcoinEthereumNews.com.

The renowned Bitcoin investor Michael Saylor now sits over a $1.5 billion profit in his investments. The outstanding profit came to life as Bitcoin hit $39,400, with his average purchase at $30,512.81.  Saylor’s all-time largest Bitcoin purchase of 2021, valued at  $1.026 billion, wallows in a loss of $258.678 million. Data has shown that the renowned Bitcoin investor Michael Saylor, who doubles as the chairman of MicroStrategy, now sits on over a $1.5 billion profit in his Bitcoin investments. According to statistics from Saylortracker, a portal that tracks Saylor’s routine Bitcoin investments, the MicroStrategy chairman has invested $5,325400,000 to obtain 174,530 BTC since September 2020. Per the tracker, the dollar cost average of his over three years of investment in Bitcoin is now $30,512.81 at the time of writing. With Bitcoin now at around $39,411, Michael Saylor’s initial $5.325 billion has now amounted to nearly $7 billion.  Specifically, the information from the tracker indicates the pro-Bitcoin investor’s portfolio is now $6,900,641,579.28 at the time of reporting. The figure translates to a profit of $1,575,241,579.28, marking an all-time 29.58% gain. Notably, MicroStrategy’s most daring Bitcoin purchase of this year happened just four days ago when Michael Saylor announced acquiring 16,130 units of Bitcoin at $593.3 million. The average cost per Bitcoin was $36,785. Interestingly, this mere four days investment has now seen a staggering profit of  $42,978,819.60. Also, the recent purchase was Michael Saylor’s second Bitcoin acquisition for November 2023. On November 1, he bought 155 BTC at $5.3 million, which now graduated to a $6.114 million investment. Overall, the MicroStrategy chairman accumulated 16,285 in November. Saylor’s most recent four Bitcoin stockpile frenzy in profit | Saylortracker Meanwhile, Saylor’s all-time largest Bitcoin purchase was during the peak of the last bull cycle. In particular, the prominent Bitcoin investor committed $1.026 billion…

---

Filed under: News - @ December 3, 2023 11:08 am