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MicroStrategy’s Bitcoin Profit Tops $4B as It Eyes S&P 500 Inclusion
As Bitcoin’s (BTC) price surged to nearly $53,000, MicroStrategy Inc (NASDAQ: MSTR), the largest corporate owner of the cryptocurrency, has seen its profit soar to over $4 billion from holdings of over $10 billion. This dramatic rise in MicroStrategy’s fortunes is not only a testament to the company’s visionary approach but also raises the possibility of its inclusion in the prestigious S&P 500 Index.
MicroStrategy’s Bitcoin Holdings and Profit Surge
MicroStrategy’s bullish stance on Bitcoin has been evident since the third quarter of 2020 when it began accumulating the digital asset. The company’s most recent investor presentation revealed that by the end of January, MicroStrategy held approximately 190,000 Bitcoin, acquired for a total of $5.93 billion, at an average price of $31,224 per coin.
This strategic investment has paid off handsomely, with the company’s profit from its Bi
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