Microstrategy’s Bitcoin Investments See Over 30% Growth
Microstrategy, a leading business intelligence and mobile software company, has experienced significant growth in its bitcoin investments. With bitcoin’s recent surge past $39K, Microstrategy’s bitcoin holdings have increased by over 30%. Microstrategy currently holds 174,530 bitcoins, valued at $6.915 billion based on current exchange rates.
Profits from Bitcoin Investment
Microstrategy acquired its bitcoins at an average cost of $30,252 per bitcoin, with a total investment of $5.314 billion. With the current valuation, the company has realized a profit of $1.601 billion, resulting in a 30.12% return on investment. This strategic dollar-cost averaging approach has proven successful for Microstrategy.
Comparison with Ethereum Investment
An analysis comparing Microstrategy’s bitcoin profits with potential earnings from an ethereum investment shows that an ethereum investment would have yielded a higher profit. If Microstrategy had chosen to invest in ethereum, the company’s holdings would be valued at $9.245 billion, resulting in a 74% profit. Additionally, staking the ethereum could have contributed an additional $869.4 million to Microstrategy’s profits.
Microstrategy’s Firm Belief in Bitcoin
Microstrategy and its CEO Michael Saylor are strong advocates for bitcoin and firmly believe it is the best crypto asset. Microstrategy’s bitcoin holdings represent a significant portion of Grayscale’s Bitcoin Trust’s holdings. The company remains committed to bitcoin despite the potential higher profits from other cryptocurrencies.
Microstrategy’s Stock Performance and Market Capitalization
Microstrategy’s stock performance has been remarkable, with a 167% increase in MSTR shares over the past year. In the last month alone, shares have risen by 22%. In terms of market capitalization, Microstrategy ranks as the 1,768th largest globally, while bitcoin holds the 11th highest market valuation worldwide.
Hot Take: Microstrategy’s Continued Success with Bitcoin Investments
Microstrategy’s investment in bitcoin has proven to be highly profitable, with a significant increase in its holdings and overall valuation. Despite the potential for higher profits with other cryptocurrencies, Microstrategy remains dedicated to bitcoin, showcasing its belief in the asset’s long-term potential. With its impressive stock performance and market capitalization, Microstrategy’s success serves as a testament to the growing prominence and value of bitcoin in the global market.
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