The post MicroStrategy’s Bitcoin Investment Surpasses $2 Billion in Profit appeared on BitcoinEthereumNews.com.

Microstrategy has now realised more than $2 billion in profits directly from its repeated investments in Bitcoin. Business intelligence company MicroStrategy Inc (NASDAQ: MSTR) has seen a staggering surge in gains, amassing over $2 billion in profit from its substantial Bitcoin (BTC) holdings. This comes following the cryptocurrency’s recent surge above $42,000. MicroStrategy started its Bitcoin investment journey in August 2020. Since then, the company has continuously increased its Bitcoin holdings, with the most recent acquisition of 16,130 BTC in November. As of November 30, MicroStrategy had an impressive 174,530 Bitcoins, acquired at an average price of $30,252 each. This amounts to a total investment of $5.28 billion. Bitcoin’s rise to $42,000 earlier on Monday propelled MSTR’s total holdings to an astonishing $7.3 billion. This surge put MSTR’s profits at a remarkable value of over $2 billion. However, Bitcoin’s price has now retraced to $41,755.49. Nonetheless, the surge marks Bitcoin’s highest valuation since April 2022, when it plummeted under $16,000, which placed MicroStrategy’s investment in extreme uncertainty. Despite the volatility, Chairman Michael Saylor remained resolute in expanding the company’s Bitcoin reserves, funding purchases through several means, including equity issuance. Microstrategy’s Bitcoin Profit-Making Strategy Regardless of Bitcoin’s volatile market performance, MicroStrategy has steadfastly adhered to its ‘HODLing’ strategy, refraining from selling any of its Bitcoin holdings except for a minor sale in late December for tax purposes, promptly repurchasing the assets. On many occasions, Saylor has shown his conviction in holding onto Bitcoin long-term rather than trading based on market fluctuations. MicroStrategy’s Q3 financials underscore the company’s commitment to “acquire and hold Bitcoin”, viewing it as a secure store of value supported by a robust, open-source architecture. The company’s current approach to accumulating more Bitcoin revolves around stock issuance, through which it raised $600 million to purchase the 16,130 BTC. Saylor’s personal Bitcoin holdings, disclosed in 2020, revealed ownership…

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Filed under: News - @ December 5, 2023 3:20 pm