Bitcoin

Michael Saylor&#39;s company, MicroStrategy, has made headlines again by purchasing an additional 27,200 <a href="https://optimisus.com/news/crypto-news/bitcoin-touches-record-high-of-over-89k-up-21-since-trump-was-elected/" rel="noopener noreferrer nofollow">bitcoins</a> for nearly $2 billion.This move solidifies MicroStrategy&#39;s position as the largest corporate holder of bitcoin, bringing their total to 279,420 BTC, valued at just under $23 billion as the cryptocurrency reaches record highs above $82,000.The firm has invested a total of $11.9 billion in <a href="https://optimisus.com/news/crypto-news/bitcoin-trading-volume-hits-over-62-billion-after-btc-surges-over-80k/" rel="noopener noreferrer nofollow">BTC</a>, which means they are currently enjoying a profit of around $11 billion. This quarter alone, their bitcoin investments have yielded a return of 7.4%, and they’ve seen over 26% growth year-to-date, as reported on Monday.The recent acquisition has already generated more than $200 million in profit, as these bitcoins were bought at an average price of $74,463 each and have since increased in value by nearly $8,000 per coin.

MicroStrategy acquires 27,200 more Bitcoin for $2B

Optimisus

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