{"id":573779,"date":"2024-02-07T18:30:58","date_gmt":"2024-02-07T18:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573779"},"modified":"2024-06-11T07:25:17","modified_gmt":"2024-06-11T07:25:17","slug":"microstrategy-buys-more-bitcoin-much-profit-holds","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/microstrategy-buys-more-bitcoin-much-profit-holds\/","title":{"rendered":"Microstrategy Buys More Bitcoin: Here’s How Much Profit It Holds Now"},"content":{"rendered":"
Software company Microstrategy bought another $37 million worth of Bitcoin, bringing its unrealized profit to $37 million.<\/p>\n
Michael Saylor, the founder and chairman of Microstrategy, has announced<\/a> in an X post that the firm purchased an additional 850 BTC at $37.2 million in January,\u00a0which was recently approved.<\/p>\n In a post<\/a> on X, CryptoQuant Netherlands community manager Maartunn explains four important facts about Microstrategy’s portfolio after this latest shopping spree.<\/p>\n First, here is a chart that shows how the total supply held by Microstrategy has grown over the last few years:<\/p>\n <\/p>\n The chart shows that the company has made several Bitcoin purchases over the past year and has substantially grown its holdings. Following the latest buying move, the firm’s wallets hold 190,000 BTC.<\/p>\n This is a staggering amount, as the entire circulating supply of the asset is around 19.6 million BTC right now, which means Microstrategy alone holds almost 1% of the BTC supply.<\/p>\n For perspective, all the Bitcoin spot exchange-traded funds (ETFs)<\/a>, including the Grayscale Bitcoin Trust (GBTC), combined, hold about 3.3% of the coins in circulation<\/a>.<\/p>\n Next, Maartunn has shared a chart displaying the cost of each purchase.<\/p>\n <\/p>\n Adding up all these costs, the total price of Microstrategy’s Bitcoin stack is around $5.932 billion. However, the chart below shows that the company’s actual BTC value differs from this amount.<\/p>\n <\/p>\n As the graph shows, Microstrategy’s stack’s value at the current cryptocurrency price is notably higher than the amount it used to acquire these coins. In particular, the value of the company’s holdings is currently around $8.1 billion.<\/p>\n Finally, the analyst shared a chart revealing the firm’s unrealized profit and loss trend over the years.<\/p>\n <\/p>\n Microstrategy’s Bitcoin holdings had been in the red during the 2022 bear market and most of 2023, but with the start of the rally last October, the company’s fates finally changed as it returned to the green.<\/p>\n The firm’s BTC stack holds significant unrealized gains of almost $2.2 billion. It would appear that Saylor’s strategy may have paid off, at least for now.<\/p>\n At the time of writing, Bitcoin is trading around the $43,000 mark, up 1% over the past week.<\/p>\n <\/p>\n Software company Microstrategy bought another $37 million worth of Bitcoin, bringing its unrealized profit to $37 million. Microstrategy Now Holds This Much In Unrealized Bitcoin Gain Michael Saylor, the founder and chairman of Microstrategy, has announced in an X post that the firm purchased an additional 850 BTC at $37.2 million in January,\u00a0which was recently approved. In a post on X, CryptoQuant Netherlands community manager Maartunn explains four important facts about Microstrategy’s portfolio after this latest shopping spree. Related Reading: XRP Buy Signal Goes Off, Analyst Says This Is How Long Uptrend Will Last First, here is a chart that shows how the total supply held by Microstrategy has grown over the last few years: The trend in the total amount of the cryptocurrency held by the company | Source: @JA_Maartun on X The chart shows that the company has made several Bitcoin purchases over the past year and has substantially grown its holdings. Following the latest buying move, the firm’s wallets hold 190,000 BTC. This is a staggering amount, as the entire circulating supply of the asset is around 19.6 million BTC right now, which means Microstrategy alone holds almost 1% of the BTC supply. For perspective, all the Bitcoin spot exchange-traded funds (ETFs), including the Grayscale Bitcoin Trust (GBTC), combined, hold about 3.3% of the coins in circulation. Next, Maartunn has shared a chart displaying the cost of each purchase. The prices at which the firm made each of these buys | Source: @JA_Maartun on X Adding up all these costs, the total price of Microstrategy’s Bitcoin stack is around $5.932 billion. However, the chart below shows that the company’s actual BTC value differs from this amount. Looks like the value of the firm’s holdings has significantly gone up in recent months | Source: @JA_Maartun on X As the graph shows, Microstrategy’s stack’s value at the current cryptocurrency price is notably higher than the amount it used to acquire these coins. In particular, the value of the company’s holdings is currently around $8.1 billion. Finally, the analyst shared a chart revealing the firm’s unrealized profit and loss trend over the years. The value of the indicator appears to be highly positive right now | Source: @JA_Maartun on X Microstrategy’s Bitcoin holdings had been in the red during the 2022 bear market and most of 2023, but with the start of the rally last October, the company’s fates finally changed as it returned to the green. Related Reading: XRP, SOL Among Coins With Red Sentiment, Time To Buy Against Crowd? The firm’s BTC stack holds significant unrealized gains of almost $2.2 billion. It would appear that Saylor’s strategy may have paid off, at least for now. BTC Price At the time of writing, Bitcoin is trading around the $43,000 mark, up 1% over the past week. The price of the coin seems to have been moving sideways over the last few days | Source: BTCUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":573847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,83982,7159,1119,1144,81299,89013,91587],"class_list":["post-573779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-accumulation","tag-bitcoin-profit","tag-btc","tag-btcusd","tag-microstrategy","tag-microstrategy-bitcoin","tag-microstrategy-profit"],"acf":[],"yoast_head":"\nThe trend in the total amount of the cryptocurrency held by the company | Source: @JA_Maartun on X<\/a><\/pre>\n
The prices at which the firm made each of these buys | Source: @JA_Maartun on X<\/a><\/pre>\n
Looks like the value of the firm's holdings has significantly gone up in recent months | Source: @JA_Maartun on X<\/a><\/pre>\n
The value of the indicator appears to be highly positive right now | Source: @JA_Maartun on X<\/a><\/pre>\n
BTC Price<\/h2>\n
The price of the coin seems to have been moving sideways over the last few days | Source: BTCUSD on TradingView<\/a><\/pre>\n