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<p>The post <a href="https://coinpedia.org/news/breaking-microstrategy-doubles-its-profits-as-bitcoin-skyrockets-463-since-2020/">MicroStrategy Doubles Bitcoin Profits as BTC Price Soars 463%</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/crypto-live-news/microstrategy-now-holds-of-total-bitcoin-more-than-u-s-and-china-govt/">MicroStrategy’s bold investment strategy</a> is paying off big time as Bitcoin edges closer to the $70,000 mark, doubling the company’s profit and strengthening its belief in cryptocurrency. Since August 2020, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin’s value</a> has skyrocketed by an astonishing 463%, proving MicroStrategy’s wisdom in investing millions in Bitcoin.</p> 
<p>Read more about this below. </p> 
<h2 class="wp-block-heading" id="h-the-winning-bet">The Winning Bet</h2> 
<p>MicroStrategy’s decision to jump into Bitcoin investment has been a game-changer. Purchasing Bitcoins at an average price of $33,706.00 each, the company has now doubled its profit, capitalizing on its hefty Bitcoin reserves.</p> 
<p>With Bitcoin’s value surpassing $70,000, MicroStrategy’s strategic investment is reaping rich rewards, solidifying the company’s position in the ever-changing cryptocurrency landscape.</p> 
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   <p lang="en" dir="ltr">Microstrategy’s bitcoin strategy seems to be paying off <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/lUpKNRx0Bh">pic.twitter.com/lUpKNRx0Bh</a></p>— Crypto Crib (@Crypto_Crib_) <a href="https://twitter.com/Crypto_Crib_/status/1779023011083067752?ref_src=twsrc%5Etfw">April 13, 2024</a>
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<p>Also Read: <a href="https://coinpedia.org/news/microstrategys-bitcoin-connection-a-double-edged-sword-for-investors/">Is MicroStrategy Overvalued? New ETF Bets Big on Stock Price Decline</a></p> 
<h2 class="wp-block-heading" id="h-bitcoin-the-ultimate-asset">Bitcoin – The Ultimate Asset?</h2> 
<p>Bitcoin has emerged as the undefeated champion among traditional assets like stocks, gold, silver, and bonds. While the S&amp;P 500 and Nasdaq indices have seen gains of 52% and 47% respectively, Bitcoin’s astounding 463% surge leaves them all in the dust.</p> 
<p>MicroStrategy currently holds a whopping <a href="https://bitcointreasuries.com/microstrategy/#:~:text=MicroStrategy%20owns%20214%2C246%20bitcoins%20as,cost%20of%20%246.91%20billion%20USD.">214,246 bitcoins</a>, making up 1.02% of the entire Bitcoin market supply. With each Bitcoin bought at an average price of $33,706.00 and a total investment of $6.91 billion, MicroStrategy’s bet on Bitcoin is paying off beyond expectations.</p> 
<p><strong>What’s fueling the Bitcoin Boom?</strong></p> 
<p>The recent surge in Bitcoin’s value isn’t a fluke; it’s a sign of growing institutional interest in cryptocurrency. Major players in traditional finance like BlackRock Investments, WisdomTree, and Invesco are flooding in with <a href="https://coinpedia.org/news/i-wont-invest-in-bitcoin-etfs-or-any-etfs-says-financial-guru-robert-kiyosaki-heres-why/">spot Bitcoin ETF</a> applications, further boosting Bitcoin’s momentum.</p> 
<p>Did You Know? <a href="https://coinpedia.org/news/peter-schiffs-warning-legal-storm-clouds-over-bitcoin-etfs/">Bitcoin ETF Boom Could Face Legal Trouble! Peter Schiff Predicts Investor Lawsuits</a></p> 
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2> 
<p>As of the latest update, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> is trading at <a href="https://markets.coinpedia.org/bitcoin/">$67,285</a>, showing a slight dip over the last 24 hours while maintaining a solid market cap of $1.32 trillion.</p> 
<p>With Bitcoin’s journey to new heights seemingly unstoppable, MicroStrategy’s foresight continues to pay off, setting a precedent for bold investment moves.</p>

MicroStrategy Doubles Bitcoin Profits as BTC Price Soars 463%

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