Bitcoin

<ul><li>MicroStrategy&#39;s Bitcoin holdings exceed $10 billion in value, yielding over $4 billion in profits due to the recent price surge of Bitcoin.</li><li>The introduction of spot Bitcoin ETFs has significantly influenced Bitcoin&#39;s price, as explained by Michael Saylor, co-founder and executive chairman of MicroStrategy.</li><li>MicroStrategy&#39;s potential eligibility for the S&amp;P 500 index is under discussion following a notable increase in its market cap and stock price performance.</li></ul>MicroStrategy, recognized as the largest corporate holder of Bitcoin, has seen its Bitcoin investment&#39;s value exceed $10 billion, resulting in a <a href="https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/blt9fe0e76f0b8b3ab0/65c29cdcd6cf0435f215211d/microstrategy-q4-2023-earnings-presentation.pdf" rel="noopener noreferrer nofollow">profit of over $4 billion</a>. This growth is attributed to Bitcoin&#39;s ascent to nearly $53,000. The firm revealed it holds 190,000 Bitcoins, acquired at an average price of $31,224 per coin, totaling an investment of $5.93 billion.MicroStrategy initiated its aggressive Bitcoin accumulation strategy in the second quarter of 2020, consistently <a href="https://cryptotale.org/microstrategys-bitcoin-accumulation-corroborates-declining-trading-volume/" rel="noopener noreferrer nofollow">purchasing additional bitcoins</a> in subsequent quarters. By December 2023, MicroStrategy reported profits of nearly $2 billion from its Bitcoin investments. Since then, the company&#39;s profits soared to over $4 billion, buoyed by <a href="https://cryptotale.org/microstrategy-rides-bitcoin-wave-to-substantial-gains-saylor-sells-216m-in-stock/" rel="noopener noreferrer nofollow">Bitcoin&#39;s impressive rally</a> of more than 20% since the start of 2024. This recent surge in Bitcoin&#39;s price has notably enhanced the value of MicroStrategy&#39;s cryptocurrency portfolio.<a href="https://cryptotale.org/bitcoin-hits-52k-as-liquidity-war-between-binance-and-okx-heats-up/" rel="noopener noreferrer nofollow">Bitcoin&#39;s value peaked at $52,800</a> early Thursday, propelling MicroStrategy&#39;s holdings to just over the $10 billion mark. However, a slight retreat in Bitcoin&#39;s price to $52,000 was noted at the time of writing. Michael Saylor, MicroStrategy&#39;s co-founder and executive chairman, linked this price surge to the <a href="https://cryptotale.org/microstrategy-ceo-hails-bitcoin-etf-the-next-biggest-development-on-wall-street/" rel="noopener noreferrer nofollow">introduction of spot Bitcoin ETFs</a>, which, according to him, have disrupted the supply-demand balance fueled by a decade-long demand for a retail-friendly Bitcoin investment vehicle.Read full article at<a href="https://cryptotale.org/microstrategys-bitcoin-strategy-yields-over-4-billion-in-profits-eyes-sp-500-inclusion/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

MicroStrategy's Bitcoin Strategy Yields Over $4 Billion in Profits, Eyes S&P 500 Inclusion

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