MicroStrategy Bitcoin Investment Stands at $60M Unrealized Gain
Michael Saylor’s big bet on Bitcoin is paying off for MicroStrategy, despite the cryptocurrency’s steep price decline this year. MicroStrategy has accumulated a stockpile of 152,000 bitcoin s purchased for $4.52 billion as of June 28, 2023. With the price of bitcoin currently around $29,865, the firm is sitting on unrealized gains of over $60 million for its holdings. Also read: Shiba Inu Price Prediction (SHIB): October End 2023 JUST IN: Michael Saylor’s MicroStrategy #Bitcoin investment is currently at a $60,000,000 unrealized gain. — Watcher.Guru (@WatcherGuru) October 22, 2023 MicroStrategy remains firm with Bitcoin HODL strategy The results validate a long-term investment strategy Saylor has stuck to, even amid extreme volatility. While the crypto bear market has ravaged prices, MicroStrategy continues holding and acquiring more bitcoin when opportunities arise. In April and June of this year, with bitcoin trading near $30,000,...