🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Michael Saylor Nets $1.5B Bitcoin Profit Amid BTC $39k Rally

Published 12/03/2023, 07:03 PM
Updated 12/03/2023, 07:15 PM
© Reuters.  Michael Saylor Nets $1.5B Bitcoin Profit Amid BTC $39k Rally
MSTR
-
BTC/USD
-

  • The renowned Bitcoin investor Michael Saylor now sits over a $1.5 billion profit in his investments.
  • The outstanding profit came to life as Bitcoin hit $39,400, with his average purchase at $30,512.81.
  • Saylor’s all-time largest Bitcoin purchase of 2021, valued at $1.026 billion, wallows in a loss of $258.678 million.

Data has shown that the renowned Bitcoin investor Michael Saylor, who doubles as the chairman of MicroStrategy, now sits on over a $1.5 billion profit in his Bitcoin investments. According to statistics from Saylortracker, a portal that tracks Saylor’s routine Bitcoin investments, the MicroStrategy chairman has invested $5,325400,000 to obtain 174,530 BTC since September 2020.

Per the tracker, the dollar cost average of his over three years of investment in Bitcoin is now $30,512.81 at the time of writing. With Bitcoin now at around $39,411, Michael Saylor’s initial $5.325 billion has now amounted to nearly $7 billion.

Specifically, the information from the tracker indicates the pro-Bitcoin investor’s portfolio is now $6,900,641,579.28 at the time of reporting. The figure translates to a profit of $1,575,241,579.28, marking an all-tim…

The post Michael Saylor Nets $1.5B Bitcoin Profit Amid BTC $39k Rally appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.