TL;DR
Holding 158,245 BTC, MicroStrategy’s unrealized profit is around $750 million with an average cost below $30K per BTC.
In November 2021, the company’s unrealized profits peaked at $3.5 billion when Bitcoin was near $70,000.
Michael Saylor, MicroStrategy’s Executive Chairman, champions Bitcoin for its inflation protection and once forecasted a $1 million valuation for the cryptocurrency.
Patience is a Virtue
Bitcoin’s recent spike towards $35,000 (a level unseen since May 2022) has been embraced by bulls and investors who held their positions throughout the prolonged bear market.
One such entity that had to wait for better days to see its BTC bet turning profitable is the American business intelligence company – MicroStrategy. Data presented by Lookonchain outlined every purchase of the firm since July 2021, showing that its total holdings currently stand at 158,245 BTC.
Calculated at ongoing rates, the stash equals over $5.4 billion, meaning that MicroStrategy si
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