MicroStrategy's Bitcoin Holdings Realize Record-Breaking $16 Billion+ Unrealized Profit
MicroStrategy's Bitcoin Holdings Realize Record-Breaking $16 Billion+ Unrealized ProfitOn November 21st, Bitcoin's price surged past $98,000, hitting a new all-time high. This surge resulted in a massive unrealized profit for MicroStrategy, a company holding a significant Bitcoin stash
MicroStrategy's Bitcoin Holdings Realize Record-Breaking $16 Billion+ Unrealized Profit
On November 21st, Bitcoin's price surged past $98,000, hitting a new all-time high. This surge resulted in a massive unrealized profit for MicroStrategy, a company holding a significant Bitcoin stash.
According to Cailianshe, Bitcoin's price reached $98,318.7 on that day. MicroStrategy previously disclosed owning 331,200 Bitcoins as of November 17th, 2024, with a total acquisition cost of approximately $16.5 billion, averaging around $49,874 per Bitcoin.
Calculations show that the current market value of MicroStrategy's Bitcoin holdings exceeds $32.5 billion (331,200 Bitcoins x $98,318.7/Bitcoin). Compared to the total acquisition cost of $16.5 billion, its unrealized profit surpasses $16 billion. This massive profit clearly demonstrates the success of MicroStrategy's long-term Bitcoin holding strategy and further validates Bitcoin's value as digital gold.
Since 2020, MicroStrategy has consistently accumulated Bitcoin, becoming one of the world's largest publicly traded Bitcoin holders. Its CEO, Michael Saylor, is a staunch Bitcoin advocate, repeatedly expressing his bullish outlook on Bitcoin's long-term value and believing it will become a crucial component of the future digital economy.
MicroStrategy's success story has drawn increasing attention from institutional investors toward Bitcoin. Despite the market's volatility, Bitcoin's long-term value remains highly anticipated. MicroStrategy's substantial unrealized profit undoubtedly boosts investor confidence and provides valuable insights for other companies. In the future, with the continued development of Bitcoin technology and expansion of its use cases, Bitcoin's value is expected to rise further. MicroStrategy's continued holding strategy will remain under close market scrutiny, and its future investment moves warrant continued observation. This price breakthrough and the enormous unrealized profit represent a significant milestone for both MicroStrategy and the Bitcoin market.
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