Michael Saylor’s MicroStrategy Racks Up Over $10B In Unrealized Profit As Bitcoin Blows Past $82K
Posted On November 11, 2024
Bitcoin (CRYPTO: BTC) flew above $82,000 early Monday morning as the blistering rally sparked by Donald Trump’s presidential victory continued to bring riches to investors, particularly those with very large holdings.
What happened: MicroStrategy Inc. (NASDAQ:MSTR), the company that has pioneered Bitcoin’s corporate adoption, saw the value of its stash swell past $20 billion, according to data from bitcointreasuries.net.
At an average acquisition price of $9.904 billion, the firm was up more than $10 billion in profit on its Bitcoin investments.
| Bitcoin Holdings | Cost Price | Current Market Value | Paper Gains |
| 252,220 | $9.904 billion | $20.703 billion | $10.796 billion |
MicroStrategy adopted …
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