Michael Saylor’s MicroStrategy enjoys Bitcoin surge
The post Michael Saylor’s MicroStrategy enjoys Bitcoin surge appeared on BitcoinEthereumNews.com. MicroStrategy, led by Michael Saylor, is now reaping the rewards of its $4.68 billion Bitcoin (BTC) investment. The Tysons, Virginia-based company now enjoys a profit of $343 per BTC, thanks to the recent surge in the orange coin’s price. MicroStrategy’s Bitcoin bet paying off MicroStrategy’s impressive journey into the super-volatile world of Bitcoin investment is now yielding dividends, thanks to the latest Bitcoin price increase. With a calculated and strategic approach, the company is not only profitable but also looking to expand further. MicroStrategy’s story starts with its initial Bitcoin investment, made at an average purchase price of $29,582 per BTC. With Bitcoin prices hovering around $29,925, the company currently holds a substantial profit of $343 per BTC. In total, they possess 158,245 BTC, resulting in an overall profit of $54.27 million. However, MicroStrategy is not resting on its laurels. The company has announced plans to acquire even more Bitcoin, intending to sell shares of stock for this purpose. Michael Saylor’s MicroStrategy is back in profit on its $4.68 billion Bitcoin investment. * Average purchase price = $29,582* Current Bitcoin price = $29,925* Profit = $343 per They currently hold 158,245 BTCThey are currently $54.27m in profit. — Whale (@WhaleChart) October 22, 2023 Saylor’s laser Bitcoin vision Last year, Saylor made a significant shift, moving from being MicroStrategy CEO to chairman. This transition allows him to focus exclusively on the company’s Bitcoin investment strategy. His firm belief in Bitcoin’s power to transform the financial landscape and redefine our understanding of money and finance motivated this change. Saylor argues that Bitcoin surpasses gold as a reliable store of value and envisions its underlying blockchain technology as versatile, finding use in smart contracts, decentralized finance (DeFi), and even voting systems. His vision entails Bitcoin forming the basis of a new, more…
The post Michael Saylor’s MicroStrategy enjoys Bitcoin surge appeared on BitcoinEthereumNews.com.
MicroStrategy, led by Michael Saylor, is now reaping the rewards of its $4.68 billion Bitcoin (BTC) investment. The Tysons, Virginia-based company now enjoys a profit of $343 per BTC, thanks to the recent surge in the orange coin’s price. MicroStrategy’s Bitcoin bet paying off MicroStrategy’s impressive journey into the super-volatile world of Bitcoin investment is now yielding dividends, thanks to the latest Bitcoin price increase. With a calculated and strategic approach, the company is not only profitable but also looking to expand further. MicroStrategy’s story starts with its initial Bitcoin investment, made at an average purchase price of $29,582 per BTC. With Bitcoin prices hovering around $29,925, the company currently holds a substantial profit of $343 per BTC. In total, they possess 158,245 BTC, resulting in an overall profit of $54.27 million. However, MicroStrategy is not resting on its laurels. The company has announced plans to acquire even more Bitcoin, intending to sell shares of stock for this purpose. Michael Saylor’s MicroStrategy is back in profit on its $4.68 billion Bitcoin investment. * Average purchase price = $29,582* Current Bitcoin price = $29,925* Profit = $343 per They currently hold 158,245 BTCThey are currently $54.27m in profit. — Whale (@WhaleChart) October 22, 2023 Saylor’s laser Bitcoin vision Last year, Saylor made a significant shift, moving from being MicroStrategy CEO to chairman. This transition allows him to focus exclusively on the company’s Bitcoin investment strategy. His firm belief in Bitcoin’s power to transform the financial landscape and redefine our understanding of money and finance motivated this change. Saylor argues that Bitcoin surpasses gold as a reliable store of value and envisions its underlying blockchain technology as versatile, finding use in smart contracts, decentralized finance (DeFi), and even voting systems. His vision entails Bitcoin forming the basis of a new, more…
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