MicroStrategy is in $10 billion profit, and there’s no second best

-

MicroStrategy is making headlines again, and this time it’s all about the Bitcoin boom!

Thanks to the savvy investing by Michael Saylor and his team, the company’s Bitcoin holdings have skyrocketed in value, topping over $20 billion.

That’s more than $10 billion in unrealized gains as Bitcoin crossed the $80,000 level!

MicroStrategy
saylortracker

Buy, hodl, profit?

Since diving into the Bitcoin game back in 2020, MicroStrategy accumulated 252,220 Bitcoin.

They snagged these at an average price of about $39,200 each, which brings their total investment to around $9.9 billion.

With Bitcoin’s recent rally, likely sparked by Donald Trump’s election win and favorable decisions from the Federal Reserve, MicroStrategy is seeing its investments pay off big time.

As of now, Bitcoin is trading around $79,700, with a 4% increase in just 24 hours and 118% rise year-to-date.

Trump’s return to the political scene has stirred up optimism for crypto regulations, especially since he’s been vocal about his support for digital currencies at events like the Bitcoin 2024 Conference.

Crypto market is happy

The recent cuts in interest rates from both the U.S. Federal Reserve and the Bank of England have also contributed to this bullish trend.

The overall crypto market is feeling the love too, with Ethereum climbing over 5%, Solana gaining 2%, and Dogecoin jumping 14%.

All this excitement has pushed the total crypto market cap up to $2.8 trillion, up more than 3% in just a day.

MicroStrategy’s stock soars

MicroStrategy isn’t just winning with Bitcoin, its stock is on fire as well! Thanks to Bitcoin’s rally, MicroStrategy shares have surged to $270, its highest price in 25 years.

The stock skyrocketed nearly 330% this year alone!

With a focus on boosting shareholder value through digital asset management and smart capital market strategies, MicroStrategy is looking to expand its Bitcoin reserves even further while enhancing profitability.

According to their Q3 earnings report, they plan to raise $42 billion over the next three years, half of which will be used for more Bitcoin purchases.

Have you read it yet? Election blues, Trump is good or bad for Bitcoin?


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Bitcoin overtakes silver, becomes eighth largest asset

Bitcoin surged over 9%, pushing its market cap to above $1.75 trillion and securing its spot as the eighth-largest asset in the world, instead of...

Ethereum ETFs see record inflows of $295 million

U.S. spot Ethereum ETFs just hit a new milestone with $295.5 million in daily inflows on November 11. That’s more than double the previous record...

FTX sues Binance for $1.8 billion

FTX is back in the headlines, and not for good reasons. The crypto exchange, which collapsed just over two years ago, is still trying to...

Memecoins almost always take off after Binance listing

In 2024, Binance has been a launchpad for many of the fun tokens, and the results have been quite impressive. The Binance-effect looks real On November 11,...

Most Popular

Guest posts