Analytical software manufacturer MicroStrategy has earned $ 1.1 billion from investments in bitcoin over the past six months, writes RBC Crypto.
The company began buying the first cryptocurrency in August and has gradually increased its investment since then. Today, January 27, with the current asset rate of $ 31,000, the firm’s position is over $ 2.23 billion, according to bitcointreasuries.org.
MicroStrategy is the largest public company holder of bitcoins. At the moment, she bought 70.7 thousand BTC. Mike Novogratz’s Galaxy Digital Holdings fund follows her on this indicator. He purchased 16.5 thousand coins, earning almost $ 400 thousand on this.
Marathon Patent Group is the third largest mining company in BTC. On January 25, she announced that she invested $ 150 million in the first cryptocurrency, having bought 4,813 coins. Since then, Marathon’s position has dropped by $ 2 million.
The CEO of Marathon explained that he thought it wiser to keep some of the reserves in bitcoin rather than dollars. The US currency is depreciating amid the adoption of economic stimulus measures. Since May, the DXY Index, which measures the dollar’s value against a basket of 6 of the world’s leading currencies, has fallen from 100 to 90.5 points, according to Tradingview.com.
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