The post MicroStrategy’s Profit on Verge of Hitting $18 Billion appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. With a profit approaching an incredible $18 billion, MicroStrategy’s long-standing Bitcoin strategy appears to be paying off handsomely. Michael Saylor’s dedication to building up Bitcoin over the years has produced an outstanding portfolio, and the returns are now more noticeable than ever thanks to the cryptocurrency’s recent upward trend. According to the portfolio tracker, MicroStrategy’s holdings are now worth over $47 billion, with Bitcoin trading at about $101,191 right now. Due to the company’s ongoing success with its dollar-cost averaging strategy, profits have increased significantly. According to important data, MicroStrategy has consistently made purchases, and its most recent acquisitions have strengthened its standing as a pioneer in institutional Bitcoin investment.  BTC/USDT Chart by TradingView At $377.31, the company’s stock, MSTR, is likewise displaying this bullish trend. The stock’s performance is still closely linked to changes in the price of Bitcoin even though it has somewhat cooled after hitting highs above $400 in recent weeks. Because of its association with Bitcoin, MicroStrategy is seen by traditional equity investors as a stand-in for the cryptocurrency market.  Related MicroStrategy has demonstrated a disciplined approach to investing over the past year by consistently buying Bitcoin during market rallies and dips. At an average price of $101,191 per Bitcoin, a $11.1 billion purchase was made recently, increasing the total holdings to over…

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Filed under: News - @ January 23, 2025 8:24 pm