Bitcoinstrategy. Certainly, the recent Bitcoin passing above $42,000 will have left its mark on minds – and strategies – at the end of the year. An increase at the origin of many positive returns, as for example for El Salvador happy to be able to make its many detractors lie. But the prize for profitable BTC investment undoubtedly goes to the company MicroStrategy and his wallet filled with 174,530 BTC. In fact, it now shows a profit greater than 2 billion dollars.
Bitcoin: Would Michael Saylor have been right?
MicroStrategy is now known for the thirst for Bitcoin of its former founding CEO Michael Saylor. An acute crisis of maximalism at the origin of accumulating a treasure of 174,530 BTC in the census last December. All planned and financed since the initiation of this somewhat crazy race in August 2020.
Obviously, the bear market will have made many observers of this new cash management strategy for a publicly traded company. This while at the same time, Michael Saylor was already looking towards the “party” promised by the next Bitcoin halving.
And the latest movements of the Bitcoin market seem to prove him right. Because MicroStrategy’s BTC loot is now estimated at $7.3 billion approximately. And the unrealized gains that the company accumulates amount to in billions of dollars.
MicroStrategy posts gain over $2 billion
To understand the importance of the gains made by MicroStrategy, we must look at its latest balance sheet regarding its holdings in Bitcoin. Because at the end of last November, the company bought one last batch of 16,130 BTC additional. And at that time, the average price of his portfolio was at $30,252 per unit.
Therefore, when Bitcoin has exceeded $42,000 yesterday, each BTC was worth almost $12,000 more than its average purchase price. A difference which, once multiplied by the number of BTC held, leads to a profit exceeding 2 billion dollars.
The BTC treasury operation led by Michael Saylor therefore seems to be bearing fruit in this bullish end of the year for Bitcoin. A truly ” corporate finance revolution », led head on by this convinced maximalist. And for the moment a success impossible to ignore…