Bank

Galaxy

Bitcoin

Block

Bitcoin's price has recently climbed to around $81,107.53, marking an impressive increase of at least 19.56% since November 5, the day of the U.S. presidential election. In the last 24 hours alone, Bitcoin has surged by 2.1%. Companies with large Bitcoin holdings, especially MicroStrategy, have benefited the most from this growth.   
Let’s dive into the details and explore what’s behind this market rally.   
<h2 class="wp-block-heading" id="h-bitcoin-s-recent-surge-to-80k-key-highlights">Bitcoin’s Recent Surge to $80K: Key Highlights</h2>   
Experts had predicted that Bitcoin would soon surpass the $80K mark, and those predictions are coming true. On November 8, Bitcoin closed at $76,491.72, but by the weekend, the price had risen by nearly 5.17%. Over the past seven days, Bitcoin has seen a 17.0% increase, pushing its price to $81,107.53.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfevDrIgQiY0nObxB9kQY0m1etWzA59D1FhYN9ZBjUi29AASuO_kGo1bnR3R78lY4A6g4OAE0fPD4WHmye62Z1SSSHoEuRP1xKeiqp_ROrJRYgPoLKDjsh-vc0FYsAHX-u0CPgwwZjFpOdw4QxtOI0Tq657?key=nKIValS2xF4IrRmsDSEzzuMq" alt="">
</figure>   
<h2 class="wp-block-heading" id="h-microstrategy-s-huge-unrealized-profit">MicroStrategy’s Huge Unrealized Profit</h2>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfX7FqazaXpX4Z9k6dQS2-01kGMEnnbtpAnrgn-24E7lhCao01SJiXVkJE3nVtaTtMX5r9DzOpLhmgY1SZnSzuo2kEyygCZfcf1bX6fR5LvH7nH0oporNmyaQHYiYKPYYeZSZSAyD-GuLCKI1ljP3cMufQf?key=nKIValS2xF4IrRmsDSEzzuMq" alt="">
</figure>   
MicroStrategy, the company with the largest public Bitcoin holdings, is profiting greatly from this surge. It holds 252,220 BTC, which is now worth around $20.48 billion. Since MicroStrategy’s average purchase price for Bitcoin is just $39,266, the company is sitting on an unrealized profit of about $10.55 billion.   
<h2 class="wp-block-heading" id="h-top-public-companies-by-btc-holdings-nbsp">Top Public Companies by BTC Holdings&nbsp;</h2>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd1XH4-1neLMGCsoTV1Uux9jukSmjY9QxO3Hqa7tsI575Gkk0E5_0_pQBvW-RoLOY7vdvlJtDX02B9ZanOXBkZYStu4L39I74pBVhWkzbdMl2RkWqPXy1phyerDHaCVec2iAoWIL4b2yN15Hg3um0QHBTFR?key=nKIValS2xF4IrRmsDSEzzuMq" alt="">
</figure>   
Besides MicroStrategy, other companies with large Bitcoin holdings include:   
Bitcoin Group SE (3,830 BTC)   
Marathon Digital Holdings Inc (25,945 BTC)   
Riot Platform Inc (10,019 BTC)   
Tesla Inc (9,720 BTC)   
Hunt 8 Corp (9,109 BTC)   
Coinbase Global Inc (9,000 BTC)   
CleanSpark Inc (8,701 BTC)   
Block Inc (8,211 BTC)   
Galaxy Digital Holdings (8,100 BTC)   
<h2 class="wp-block-heading" id="h-which-countries-hold-the-most-bitcoin">Which Countries Hold the Most Bitcoin?</h2>   
Bitcoin is not just owned by companies; several countries hold large amounts as well. The top seven countries with the most Bitcoin are:   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfSxZgrpPVasVXx_JDZP_3wWPdx7Aoeim7c0qH-Dx10tBqQqgZwGAu0bPwILtcvckcej4E5z6eUPLBG1EvdhobJHND-OlSld8MF8rwpGgRB21SHg_jRON1jnUlQCKyq-5bY1XZpEoWse_7vSIg3RHPeR93A?key=nKIValS2xF4IrRmsDSEzzuMq" alt="">
</figure>   
Finland – 1,981 BTC   
USA – 20,189 BTC   
China – 194,000 BTC   
UK – 61,000 BTC   
Ukraine – 46,351 BTC   
Bhutan – 13,029 BTC   
El Salvador – 5,748.8 BTC   
<h2 class="wp-block-heading" id="h-private-companies-holding-the-most-bitcoin">Private Companies Holding the Most Bitcoin</h2>   
Some private companies also hold substantial amounts of Bitcoin. The top five private companies by BTC holdings are:   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeFa6khYYQCVnsoTF5PZuQu9Wt7o3hDv3LKnFIjoSmLJqhL_GOWrtK7OIr4j1GpchT-amCoqR5VyjO0Qfhlmim0mU_bIarIERKNVB5LQkNBPkER2vUmF_ZT_kT2hjWOfInZyU5DGXa3jB769I1YkfGrBeW5?key=nKIValS2xF4IrRmsDSEzzuMq" alt="">
</figure>   
Mt.Gox – 34,164 BTC   
Block.one – 140,000 BTC   
Tether Holdings LTD – 82,454 BTC   
Xapo Bank – 38,931 BTC   
BitMEX – 36,794 BTC   
The recent surge in Bitcoin’s price has been a major win for institutional investors like MicroStrategy. As the value of Bitcoin rises, so do the portfolios of those with significant Bitcoin holdings. With an unrealized profit of $10.55 billion, MicroStrategy’s Bitcoin strategy continues to pay off and demonstrates the long-term potential of cryptocurrency.   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731307251317">
 How much Bitcoin does Microstrategy own? 
 MicroStrategy owns 252,220 Bitcoin. The company began accumulating Bitcoin in 2020 at an average purchase price of $39,200 per Bitcoin, totaling approximately $9.9 billion in investment. 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731307283129">
 How much profit is MicroStrategy currently holding from its Bitcoin investment? 
 MicroStrategy has an unrealized profit of approximately $10.55 billion from its Bitcoin investment, with an average purchase price of $39,266 per BTC. 
 </div> 
</div>   
The crypto winter seems to be over and the bull run has just begun. Stay tuned!

MicroStrategy Bitcoin Holdings Hit $10 Billion Profit As BTC Price Surges

Table of Contents

CoinPedia News

Other articles published on Nov 11, 2024

FTX Sues Binance Founder CZ For Fraudulent Behavior $1.8B Funding

SuperEx丨BTC Reaches $82,000: Analyzing the Bullish Trend and Evaluating Bubble Risks

Ripple Price Analysis: This Is XRP’s Next Resistance Target After Gaining 15% Weekly

Kite AI Launches Decentralized AI Data Platform

Missed The Opportunity To Early Gains With Polygon? Don’t Lose The Chance Now With Qubetics at $0...

Bitcoin Price Prediction: Bulls Surge to $80,000, Could $89,000 Be Next?

Join our free newsletter for daily crypto updates!