Michael Saylor, who decided to dedicate himself to MicroStrategy’s bitcoin investment strategy, can finally rub his hands. This Thursday, November 9, thanks to a rise in the price of bitcoin above the $37,000 level, MicroStrategy recorded an astronomical unrealized profit. The company that had been buying large amounts of bitcoin in fractions since August 2020 appears to be the one having the last laugh.
MicroStrategy BTC acquired at $29,857 rose to $37,000
As the price of BTC rose to $37,000 this Thursday, MicroStrategy confirms its position as the world leader in bitcoin investment. The company which acquired $4.4 billion in BTC thus proves that we can believe in the potential of BTC to outperform traditional assets like gold.
According to the figures published by the blockchain specialist @lookonchain, MicroStrategy recorded 1.1 billion in unrealized profit on its BTC stock. The company founded by Michael Saylor has a total of 158,400 BTC acquired in fractions at an average price of $29,587. She now enters the history of bitcoin as one of the most daring and visionary investors.
His first purchase of bitcoins dates back to August 2020. On 1er August 2023, the company announced a net profit of $22.2 million and chose to invest its cash in acquiring BTC. Unfortunately, it had suffered nearly $2.23 billion in losses in the same month, taking into account the crypto’s fluctuations. Today, it is time to celebrate, because BTC has proven him right.
BTC investment: Has MicroStrategy found the savings strategy of the century?
If we consider the future scarcity of BTC and the potential impact of halving on its price, MicroStrategy could find itself with heavier profits in the coming months. Focused on the long term, the company has figured out how to maximize investments and achieve a level of profit that traditional assets cannot generate.
That said, it is true that we can fear that the holding of astronomical quantities of bitcoins by a single entity will encourage the centralization of BTC. However, MicroStrategy is proof that bitcoin has what it takes to become the future of savings solutions and provide the best hedge against inflation and economic crises.
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