Technology giant MicroStrategy Inc. has Bitcoin reserves amount to $10 billion, writes Bloomberg. The company has 190,000 BTC in its account.
The firm, founded by Michael Saylor, reportedly has unrealized profits of 70% on its Bitcoin investment. On February 13, 2024, with the exchange rate of the first cryptocurrency at $50,000, it was valued at $3.5 billion.
Previously MicroStrategy statedwhich spent a total of $5.93 billion on the purchase of bitcoins. In other words, 1 BTC cost the company $31,224.
Since the firm's founder bet on acquiring the first cryptocurrency, MicroStrategy shares have risen more than 500%, according to TradingView. At the time of writing, the rate is at $768, and the company’s market capitalization exceeds $12.9 billion.
The last time the tech giant bought Bitcoin was in January 2024. Then the company purchased 850 BTC for $37.2 million.
Source: Cryptocurrency
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