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MicroStrategy has earned about $2 billion on investments in Bitcoin
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MicroStrategy has earned about $2 billion on investments in Bitcoin

Dec 4, 2023

At the time of December 4, the price of bitcoin was $41.7 thousand dollars paired with Tether USD (USDT), and MicroStrategy, a company led by Michael Saylor, received unrealized profits of more than $2 billion due to the growth of the cryptocurrency. At the end of November, the company also announced the purchase of additional Bitcoin coins amounting to nearly $600 million, increasing the total number of Bitcoins in its portfolio to 174,530 BTC, acquired at an average price of $30,252 and a total value of $5.28 billion.

As of December 4, 2023, the market value of Michael Saylor's company's cryptocurrency assets is $7.24 billion. In early October, thanks to the sharp rise in the market of cryptocurrencies, the company finally began to profit from its Bitcoin position, which it had held for over three years and which had been unprofitable for a long time.

Michael Saylor, former CEO and current Chairman of the Board of MicroStrategy, is known for his enthusiasm for Bitcoin, and the company continues to actively invest in this digital asset. Except for one sale in December 2022 when 708 Bitcoins were sold for $11 million, MicroStrategy plans to continue its investments in cryptocurrency.

Currently, the company holds about 0.89% of the total existing Bitcoins, and it has no intention of stopping. In August of this year, MicroStrategy announced the possibility of raising an additional $750 million through the issuance of shares, some of which will be used to purchase cryptocurrency assets.

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