BitcoinStrategy. Bitcoin seems to be taking hold above the symbolic level of $50,000. A threshold that has visibly become the norm, since no traditional media publishes a story on this new surge. However, since the price of BTC crossed this limit, more than 90% of its available quantity (supply) shows a profit. The opportunity for the MicroStrategy whale to take stock. Because the 190,000 BTC from Michael Saylor’s company now represent a jackpot estimated at 10 billion dollars.
Bitcoin: the rise in BTC puts 90% of its holders in profit
The price of Bitcoin reaches historic milestones, amid almost general indifference. In fact, its price has been stable for a few days above the symbolic level of $50,000. And while he is only 30% of its last peakeveryone is waiting to see serious things begin in earnest.
It is enough to observe the curve of its capitalization (market cap) to understand that the rise is definitely underway. Because the threshold of 1000 billion dollars has also been crossed once again. And this had already happened for the first time in March 2021, as BTC flew towards the first peak (around $63,000) of its last bull run.
“The vast majority of BTC (87%) was acquired below $48,000, with a very large group of short-term holders between $40,000 and $45,000. »
A very positive context which places the vast majority of bitcoin holders in a profit position. But this club becomes more and more select as companies like MicroStretagy are swallowing BTC like breakfast cereal. Because with his 190,000 units on the clock, the self-proclaimed “development company of Bitcoin » explodes all the results.
MicroStrategy: its BTC hoard exceeds $10 billion
MicroStrategy has been recognized for years as a a Bitcoin business. To the point of seeing certain investors buy its shares (MSTR) in order to gain exposure to the queen of cryptocurrencies without leaving the nails of traditional finance.
An exercise now accessible using the Spot Bitcoin ETF. But, as his ex-maximalist CEO Michael Saylor recently explained, demand is currently 10 times greater than supply. And this could well contribute to an increase in BTC supported by traditional finance.
A position all the more listened to as the company MicroStrategy currently displays a most positive assessment. Indeed, the value of its 190,000 BTC of cash has just crossed – albeit furtively – the bar of 10 billion dollars. And as of writing this article, that amount is still around $986 million.
The year 2024 promises to be full of promise. A “party” envisaged by Michael Saylor since the end of last year, between approval of spot Bitcoin ETFs and halving on approach. And given MicroStrategy’s results, everyone would like to believe its enthusiastic predictions.