MicroStrategy owns 279,420 BTC, earns $14 billion in profit

MicroStrategy now owns 279,420 BTC while the pioneer digital asset reached an all-time high of over $89.2K on Monday.

The largest corporate holder of Bitcoin recently paid $2 billion for another 27,200 BTC.  MicroStrategy is  making over $13.7 billion in profit amid the acquisition of its bitcoin holdings for a total of $12 billion,  

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

The company’s Bitcoin ROI exceeded 100 percent as seen on MicroStrategy’s Bitcoin portfolio tracker, “Saylor Tracker,” named after its CEO Michael Saylor.  

The company had more than $21 billion in BTC assets at the time, even before the most recent Bitcoin purchase. MicroStrategy has solidified its position as a pioneer in corporate Bitcoin adoption with this aggressive BTC acquisition strategy, cementing the company’s belief in the cryptocurrency’s long-term prospects and establishing itself as a significant player in the market. 

As part of its bitcoin acquisition strategy, MicroStrategy issues shares and then uses the proceeds to buy bitcoin, which raises the price of the cryptocurrency and, consequently, the price of MSTR shares. Donald Trump’s recent triumph in the November 5 presidential election boosted the company’s fortune.

MicroStrategy’s stock value rose by more than a fifth, partly because of Trump’s effect which focused largely on reviving the American economy and supporting the cryptocurrency industry. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments