MicroStrategy is the largest corporate BTC holder. At the same time, the company’s bitcoin investments went into a deep discount zone against the backdrop of last year’s recession in the cryptocurrency industry. But now the situation seems to have changed.
The company owns 140,000 BTC worth a total of $4.17 billion. The average purchase price is $29,803. Now that the BTC price has crossed the $30,000 mark, the portfolio returns are rising.
As a matter of fact, MicroStrategy bitcoin investments came out “in plus” for the first time in the last 307 days. Prior to this, the company only lost on this investment.
So, for example, in June, the asset depreciation loss amounted to almost $1 billion. At the same time, the firm continued to invest in BTC at the end of the year, as well as in March and April.
If we take yesterday’s asset price of $30,019, then the value of the portfolio will be $4.202 billion. That is, if the portfolio is sold now, MicroStrategy will make a profit of about $32 million.
This is not much, but against the background of last year’s performance, such an increase in profitability seems almost miraculous. At the same time, if the company invested the equivalent amount in ETH, its profit would be much higher. So far, neither MicroStrategy nor Sailor himself has commented on the situation.
Source: Cryptocurrency
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