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<ul>
 <li>Business intelligence firm, under the leadership of CEO Michael Saylor, began its Bitcoin investment in August 2020.</li>
 <li>As of November 30, MicroStrategy holds 174,530 Bitcoins, purchased for a total of $5.28 billion with an average cost of $30,252.</li>
 <li>Michael Saylor insisted on growing the company’s Bitcoin portfolio and used a mix of debt and equity to finance the purchases.</li>
</ul>
<p><strong>MicroStrategy, under Michael Saylor’s leadership, continues to achieve significant profits from its Bitcoin investment: The company’s profit has reached $2 billion.</strong></p>
<h2 id="strong-microstrategy-s-bitcoin-profit-keeps-growing-strong"><strong>MicroStrategy’s Bitcoin Profit Keeps Growing</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-127931" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="microstrategy" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>MicroStrategy Inc. has achieved a profit exceeding $2 billion from its crypto assets as the Bitcoin price surpassed $42,000. The business intelligence firm, led by CEO Michael Saylor, began its Bitcoin investment in August 2020.</p>
<p>As of November 30, MicroStrategy holds 174,530 Bitcoins, purchased for a total of $5.28 billion with an average cost of $30,252. With the price of Bitcoin reaching $42,000 on Monday, the value of MicroStrategy’s assets soared to approximately $7.3 billion, resulting in a profit of over $2 billion.</p>
<p>While its stocks experienced a slight pullback, the company’s profit continues to be substantial. Bitcoin had not seen such peaks since April 2022 before the collapse of the Terra ecosystem. During the bear market of 2022, the value of Bitcoin dropped below $16,000, posing a significant threat to MicroStrategy’s investment.</p>
<p>However, Michael Saylor insisted on growing the company’s Bitcoin portfolio and used a mix of debt and equity to finance the purchases. On Monday, MicroStrategy’s stocks experienced a 6% increase.</p>
<h2 id="strong-microstrategy-recently-announced-bitcoin-purchases-strong"><strong>MicroStrategy recently announced Bitcoin purchases</strong></h2>
<p>MicroStrategy added 16,130 Bitcoins to its treasury. This move received praise from billionaire investor and Galaxy Digital CEO Mike Novogratz, who referred to Saylor as a “legend.” El Salvador President Nayib Bukele also announced that the profit from Bitcoin investment exceeded $3 million due to the recent increase in Bitcoin prices.</p>
<p>The company also disclosed last week that it could sell $750 million worth of stocks to buy Bitcoin before announcing the Bitcoin purchase.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/microstrategys-profits-from-bitcoin-investment-reach-massive-levels/">MicroStrategy’s Profits from Bitcoin Investment Reach Massive Levels!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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MicroStrategy’s Profits from Bitcoin Investment Reach Massive Levels!

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