Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
MicroStrategy's Bitcoin holdings yield over $10B in gains as BTC tops $80K

MicroStrategy's Bitcoin holdings yield over $10B in gains as BTC tops $80K

Cryptobriefing2024/11/10 16:00
By:Cryptobriefing

Key Takeaways

  • MicroStrategy's Bitcoin holdings have generated over $10 billion in unrealized gains.
  • Bitcoin's price increase to $80,000 coincided with Trump's reelection and global monetary adjustments.

MicroStrategy’s Bitcoin holdings have surged to over $20 billion in value, generating more than $10 billion in unrealized gains as Bitcoin’s price topped $80,000 today, according to data tracked by its portfolio.

MicroStrategy's Bitcoin holdings yield over $10B in gains as BTC tops $80K image 0

The company, headed by Bitcoin advocate Michael Saylor, has accumulated 252,220 Bitcoin since its initial purchase in 2020, with an average acquisition cost of around $39,200 per Bitcoin, translating to a total investment cost of around $9.9 billion.

MicroStrategy’s unrealized gains have skyrocketed amid Bitcoin’s price rally. Bitcoin reached $77,000 following Donald Trump’s election victory and the Fed’s interest rate decision, before soaring to $80,000 earlier today, according to CoinGecko data .

MicroStrategy's Bitcoin holdings yield over $10B in gains as BTC tops $80K image 1 MicroStrategy's Bitcoin holdings yield over $10B in gains as BTC tops $80K image 2

At the time of reporting, BTC was trading at around $79,700, up over 4% in the last 24 hours and roughly 118% year-to-date.

Trump’s reelection as US president has sparked optimism about favorable crypto regulations . He has demonstrated support for digital assets by participating in industry events, including the Bitcoin 2024 Conference.

Recent monetary policy shifts have also contributed to the rally, with both the US Fed and Bank of England implementing 25 basis point rate cuts on Thursday.

The broader crypto market has benefited from Bitcoin’s momentum, with Ethereum rising over 5%, Solana gaining 2%, and Dogecoin jumping 14%. The total crypto market cap has soared to $2.8 trillion, up over 3% over the past 24 hours.

MicroStrategy’s stock surges nearly 330% this year

Not only has MicroStrategy’s Bitcoin bet yielded massive gains, but its stock performance has also risen.

Bitcoin’s rally recently lifted MicroStrategy’s stock to $270, its highest level in 25 years, data from Yahoo Finance shows. The stock has increased approximately 330% year-to-date.

With a focus on increasing shareholder value through digital asset management and leveraging capital markets, MicroStrategy aims to continue expanding its Bitcoin reserves and enhancing overall profitability in the coming years.

According to its Q3 earnings report , MicroStrategy plans to raise $42 billion over the next three years, split evenly between equity and fixed-income securities to finance further Bitcoin purchases.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!