Investments in Bitcoin began to bring Microstrategy Profit – Bits Media

Investments in Microstrategy, one of the largest bitcoins in the world, showed a sharp increase in profit after, how the first cryptocurrency began to actively rise in price.

At the end 2022 year the company's assets were in the red, since the BTC fell almost on 80% by compared with the peak of November 2021 of the year. But events such as the expectation of the launch of a spotal ETF helped strengthen the state of bitcoin.

Microstrategy co -founder Michael Salor (Michael Saylor) Over the years, he has become one of the most ardent supporters of Bitcoin and remains an active buyer. His company still sold assets only once - in December 2022 of the year 708 BTC was implemented for $11 million.

In September 2023, Microstrategy bought 5445 BTC a little less $150 million. As a result, the company's assets have reached 158 245 BTC.

At the current price of bitcoin, the unrealized profit of Microstrategy is approximately $160 mln.

Microstrategy confirmed, that the company has a bull attitude. In June, Sealor suggested, that the cost of bitcoin will increase in tenfold, And in the long run, Bitcoin will be on 80% Dominate tokens and stablecoins.