MicroStrategy's Bitcoin holdings have garnered a profit of $147 million due to BTC rising 15% within a month.
If the SEC approving spot BTC ETFs could trigger another rally, it could lead to another profitable turn for the firm.Bitcoin for the first time in 2020, buying $250 million worth of tokens. Its attitude towards the king coin has continued to be bullish since then.a filing with the U.S. Securities and Exchange Commission . It mentioned the firm had added 5,445 BTC for $147.3 million. It had purchased these additional coins at an average price of around $27,053 per BTC.
MicroStrategy’s co-founder and executive chairman Michael Saylor was also enthusiastic about the company’s Bitcoin portfolio.As of 24 September, the latest purchase put MicroStrategy’s Bitcoin holdings at 158,245 worth $4.68 billion—an average price of $29,582 per BTC.A quick calculation tells us that its Bitcoin holdings have put MicroStrategy in a strong position in the market.
Note that MicroStrategy is one of the most prominent companies to have large BTC portfolios such as Tesla, Marathon Digital Holdings, Galaxy Digital Holdings, and Coinbase.Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating.
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