MicroStrategy’s Bitcoin Gamble Pays Off Big Time, Projected Profit at $2.94 Trillion
- MicroStrategy’s Bitcoin investment has yielded a $6.66 billion profit, with gains of 79% over four years.
- Michael Saylor predicts Bitcoin will reach $13 million per coin by 2045.
- At $13 million per BTC, MicroStrategy’s portfolio would be around $3 trillion.
While Bitcoin’s price remains significantly below its weekly highs, Bitcoin bulls like Michael Saylor, chairman of MicroStrategy, continue to boast staggering billion-dollar profits in their Bitcoin portfolios. Data from a tracking portal shows MicroStrategy holds 226,331 BTC tokens, acquired for $8.37 billion over the last four years at an average of $36,990 per token.
At Bitcoin’s current value of $66,282, this Bitcoin investment has yielded a profit of over $6.66 billion, representing an impressive 79% gain over four years. The profit ratio becomes even more remarkable when considering Bitcoin’s recent all-time high of $73,750.
Notably, MicroStrategy has been consistently purchasing Bitcoin almost every month since September 2020, when it first bought 16,797 BTC for $175 million. This initial Bitcoin acquisition is now worth over $1.11 billion, yielding a profit of $938 million, a 535% incr…
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