Bitcoin

Read

View

Michael Saylor’s MicroStrategy has an unrealized profit of over $8 billion as Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) consistently reaches new all-time highs.&nbsp; 
According to <a href="https://saylortracker.com/" target="_blank" rel="noopener">data</a> from Saylor Tracker, MicroStrategy has accumulated a total of 205,000 Bitcoins — costing the firm around $6.95 billion — since 2020 at an average price of $33,928 in 36 different dates and transactions.&nbsp; 
The company’s BTC holdings are currently at a 117.3% profit — roughly $8.16 billion — at the time of writing, per the data provider.&nbsp; 
Notably, MicroStrategy’s <a href="https://crypto.news/microstrategy-bitcoin-820-million/">latest BTC purchase</a> of 12,000 coins was completed on March 11 at an average price of $68,477. Per Saylor Tracker’s data, MicroStrategy’s Bitcoin holdings are currently worth $15.12 billion. 
 You might also like: <a href="https://crypto.news/bitcoin-move-520-million-btc-price/"> Bitcoin traders move $520m as BTC enters price discovery phase </a> 
<h2 class="wp-block-heading" id="bitcoin-hits-new-ath">Bitcoin hits new ATH</h2> 
The surge in MicroStrategy’s profits comes as Bitcoin has been consistently reaching new milestones over the past week.&nbsp; 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="545" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-13-132155-1024x545.png" alt="MicroStrategy’s holdings are at $8.1b profit, BTC hits new ATH - 22" class="wp-image-14257847">
 <figcaption class="wp-element-caption">
 BTC price – March 13 | Source: Trading View
 </figcaption>
</figure> 
<a href="https://crypto.news/bitcoins-rally-above-73000-persists-despite-swift-plunge/">BTC</a> is up by 2.6% in the past 24 hours and is trading at $73,580 at the time of writing. It’s important to note that the flagship digital currency touched a new ATH of $73,610 at around 08:30 UTC on March 13 before slightly slipping. 
Moreover, Bitcoin’s market cap is hovering at $1.44 trillion with a market dominance of 49.7%. The asset’s daily trading volume also increased by 11%, currently standing at $63 billion. 
 Read more: <a href="https://crypto.news/changpeng-zhao-canada-passport-binance/"> Binance founder Changpeng Zhao ordered to surrender Canadian passport </a>

MicroStrategy’s holdings are at $8.1b profit, BTC hits new ATH

Table of Contents

crypto.news

Other articles published on Mar 13, 2024

Shiba Inu’s KNINE Token Launch Sparks Interest in Crypto Community

Bitcoin Whale Books $217 Million Profit After BTC Broke $73,000

Before Explosion: Top Cryptocurrency Destined for a 400% Leap

Fitch Updates Forecast for When and How Much the Fed Will Cut Interest Rates

How to get all ERC-20 tokens owned by an address

Raffle Coin (RAFF) Frenzy: Bitcoin (BTC) & Ethereum (ETH) Bulls Contribute to a Global Presale Su...

Join our free newsletter for daily crypto updates!