Michael Saylor Sees over $1.5 Billion Profit on his BTC Investments
The post Michael Saylor Sees over $1.5 Billion Profit on his BTC Investments appeared on BitcoinEthereumNews.com.
Microstrategy Chairman, Michael Saylor, has seen over $1.5 Billion profit on his Bitcoin investments The Chairman of MicroStrategy, also Bitcoin investor Michael Saylor, has made over $1.5 billion in profit from his Bitcoin investments. He invested about $5.33 billion to buy 174,530 BTC since September 2020, with an average cost of $30,512.81 per Bitcoin. With the recent surge in Bitcoin’s price to $39,411, his investment is now valued at nearly $7 billion. A few days back, Saylor made an additional purchase of 16,130 Bitcoin for $593.3 million, averaging $36,785 per Bitcoin. Saylor has made about $42.98 million from this investment alone. See Also: MicroStrategy’s Michael Saylor: You Can Never Have Too Much Bitcoin November 2023 saw Saylor buying more Bitcoin, adding 16,285 Bitcoins to his portfolio. He made his largest Bitcoin purchase in February, buying 19,452 Bitcoin for $1.026 billion, which is currently at a loss. Saylor’s most cost-effective Bitcoin buys were in September 2020, at prices around $10,419 and $11,652. These early investments have significantly increased in value. Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Source: https://bitcoinworld.co.in/michael-saylor-sees-over-1-5-billion-profit-on-his-btc-investments/
Filed under: News - @ December 3, 2023 10:22 pm