2024

Bitcoin

Million

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategys-bitcoin-investment-yields-over-800-million-in-2024/" data-wpel-link="internal">MicroStrategy’s Bitcoin Investment Yields Over $800 Million in 2024</a> 
<a href="https://en.coin-turk.com/the-transfer-of-global-wealth-to-bitcoin/" data-wpel-link="internal">Bitcoin</a> has provided substantial gains to the US-based software <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> company MicroStrategy, exceeding $800 million by 2024. Data from the statistics platform Bitcoin Treasuries confirms that the leading institutional investor has secured almost a nine-figure profit from Bitcoin this year. What are the notable details in MicroStrategy’s Bitcoin journey? Let’s take a look. 
<h2 class="p1" style="text-align: justify" id="a-gain-of-840-million-achieved-in-2024">A Gain of $840 Million Achieved in 2024</h2> 
The recent excitement over spot Bitcoin ETF applications has been particularly enjoyable for MicroStrategy, the world’s largest corporate Bitcoin holder. The company last purchased Bitcoin on December 27, 2023, bringing its total holdings to 189,150 Bitcoins. As of January 9, this amount is valued at approximately $8.832 billion, which is $840 million more than on January 1. 
The impressive gains since the beginning of the year are just one example of MicroStrategy’s investment strategy. When the BTC/USD pair closed the day with a $3,000 daily candle on January 8, the company managed to secure most of its 2024 returns, amounting to about $600 million. During the company’s initial purchase in August 2020, the largest cryptocurrency was trading just above $10,000. After their last purchase of 14,620 Bitcoins, MicroStrategy’s cost basis became $31,168 per BTC. 
Moreover, MicroStrategy CEO Michael Saylor is also enjoying the fruits of a successful investment, personally holding over 17,000 Bitcoins. If Bitcoin continues to rise, Saylor could soon enter the list of the world’s richest people. However, to surpass Elon Musk, who is currently leading the list, the Bitcoin price would need to exceed $1 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-300244 size-full" src="https://coin-turk.com/wp-content/uploads/2024/01/microstrategy-btc.png" alt="" width="1194" height="556"> 
<h2 class="p1" style="text-align: justify" id="microstrategy-succeeds-in-pleasing-investors">Microstrategy Succeeds in Pleasing Investors</h2> 
Amidst all these developments, the publicly traded Microstrategy shares have dropped by more than 15% since the beginning of the year, according to TradingView data. This highlights a notable period when the company is experiencing significant gains. Last week, Saylor announced the sale of $216 million in company options and plans to use the liquidity to further increase his Bitcoin risk exposure. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-300242 size-full" src="https://coin-turk.com/wp-content/uploads/2024/01/mstr-grafik.png" alt="" width="2463" height="1189"> 
As the new year begins, alongside stocks, gold, and Bitcoin, MSTR returns were shared, highlighting that MSTR’s performance outpaced other investment vehicles. The famous figure stated the following: 
<blockquote> 
 “This year, Bitcoin has empowered MicroStrategy.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-300243 size-full" src="https://coin-turk.com/wp-content/uploads/2024/01/mstr-veri.png" alt="" width="1200" height="671"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategys-bitcoin-investment-yields-over-800-million-in-2024/" data-wpel-link="internal">MicroStrategy’s Bitcoin Investment Yields Over $800 Million in 2024</a></h5>

MicroStrategy’s Bitcoin Investment Yields Over $800 Million in 2024

Table of Contents

COINTURK NEWS

Other articles published on Jan 9, 2024

Volkswagen Drives into the Future – ChatGPT-Enhanced vehicles Set to Revolutionize User Interaction

Solana Price Prediction: Would it break new Price Levels?

Price Analysis: The Price Of Filecoin (FIL) Down More Than 6% Within 24 Hours

Will Solana (SOL) vs Ethereum (ETH) Network War be Decided by Developers?

Professor: New Crypto Projects Like Aptos And Celestia Should Watch Out

WisdomTree and VanEck ETFs Listed at DTCC Amidst SEC Decision Anticipation

Join our free newsletter for daily crypto updates!