WHY MICROSTRATEGY ISN’T SWEATING THE CRYPTO CRASH — $60M IN UNREALIZED GAINS TELLS THE STORY
MicroStrategy’s investment in Bitcoin has resulted in $60 million in unrealized gains despite the cryptocurrency’s volatile market and a significant drop in value this year.
The company has maintained a resolute Bitcoin HODL strategy, even acquiring more of the cryptocurrency when opportunities arose, leading to an asset appreciation of over $1 billion in total.
Amid signs of market stabilization and against conventional wisdom, MicroStrategy is considering raising additional capital for further Bitcoin investments, reinforcing its daring approach to long-term financial strategy.
MicroStrategy’s daring venture into Bitcoin investment is proving worthwhile, with about $60 million in unrealized gains despite the market’s downturn this year. The company, helmed by CEO Michael Saylor, holds about 152,000 bitcoins acquired at a cost of $4.52 billion as of June 28, 2023. Amid a crypto bear market and erratic fluctuations, the firm’s tenacity to hold on to its Bitcoin assets highlights a fearless approach to long-term investment.
MicroStrategy’s investment in Bitcoin has resulted in $60 million in unrealized gains despite the cryptocurrency’s volatile market and a significant drop in value this year.
The company has maintained a resolute Bitcoin HODL strategy, even acquiring more of the cryptocurrency when opportunities arose, leading to an asset appreciation of over $1 billion in total.
Amid signs of market stabilization and against conventional wisdom, MicroStrategy is considering raising additional capital for further Bitcoin investments, reinforcing its daring approach to long-term financial strategy.
MicroStrategy’s daring venture into Bitcoin investment is proving worthwhile, with about $60 million in unrealized gains despite the market’s downturn this year. The company, helmed by CEO Michael Saylor, holds about 152,000 bitcoins acquired at a cost of $4.52 billion as of June 28, 2023. Amid a crypto bear market and erratic fluctuations, the firm’s tenacity to hold on to its Bitcoin assets highlights a fearless approach to long-term investment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.