MicroStrategy’s Bitcoin-related Profit Reaches $17B

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MicroStrategy has accumulated over $17 billion in unrealized profits through its Bitcoin buying spree.

MicroStrategy, under the guidance of founder Michael Saylor, has purchased more than $23 billion worth of BTC since 2020 as part of its unique corporate treasury strategy.

The purchases have paid off, as on December 4th, the price of BTC exceeded $100,000 per coin for the first time ever, making MicroStrategy’s BTC treasury now worth over $40 billion.

Additionally, MicroStrategy’s stock has seen even greater gains than the spot price of BTC, with a year-to-date increase of over 475%, surpassing almost every stock in the S&P 500 according to data from Google Finance and Slickcharts.

As of December 5th, MicroStrategy’s total market capitalization reached approximately $92 billion, more than double the value of its BTC holdings. Analysts predict that the stock will continue to see growth as MicroStrategy’s buying of BTC accelerates.

Currently holding around 400,000 BTC as of December 5th, according to MSTR Tracker, the company’s stock is expected to see further gains.