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2024-02-16 16:32:46

BitcoinArchive on Nostr: Michael Saylor Bet Billions on #Bitcoin and Keeps Winning -------------------- ...

Michael Saylor Bet Billions on #Bitcoin  and Keeps Winning

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MicroStrategy had a market cap of $1.3b when it first bought bitcoin on the 11th of August, 2020.

This kicked off a Bitcoin buying spree that has seen the company spend $5.98 BILLION accumulating 190,000 $BTC

To date this is the single largest corporate treasury holding of Bitcoin.

The 190,000 Bitcoin acquired for $5.98b is currently worth $9.96b.

Profit so far = $3.98b
Starting market cap = $1.3b

‼️Unrealised profit is 3x bigger than the entire market cap of MSTR before it bought bitcoin.

It's market cap now is up more than 9x at $11.94b.

When Bitcoin hits $100K USD, MicroStrategy's profit on its current Bitcoin holding will be worth £13.58 BILLION.

More than 10x its market cap from when it first started buying Bitcoin.

#Winning 🤑
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