- MicroStrategy’s Bitcoin investment is now at a $745 million unrealized profit.
- The firm’s Bitcoin holdings flipped into profit following the recent rally.
- Bitcoin surged 17.5% since yesterday following renewed buying frenzy.
Michael Saylor’s MicroStrategy Bitcoin investment is now at a $745 million unrealized profit according to Watcher Guru, the real-time finance coverage platform. Watcher Guru released this information via a recent post on its account on X (formerly Twitter).
JUST IN: Michael Saylor's MicroStrategy #Bitcoin investment is now at a $745 million unrealized profit.— Watcher.Guru (@WatcherGuru) October 24, 2023
According to reports, MicroStrategy’s Bitcoin holdings flipped into profit following the recent rally by the flagship cryptocurrency. A buying frenzy appears to have taken over the market as Bitcoin surged 17.5% since yesterday. The recent rally pushed Bitcoin’s price to $35,198, marking the highest price it has reached since the beginning of 2023, according to data from TradingView.
The investment firm holds a cumulative 158,245 BTC in its portfolio, following active Bitcoin accumulation over the years. Reportedly, the…
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