MicroStrategy currently holds approximately 252,000 Bitcoin.
Their average purchase price being $39,200, their investment of $9.91 billion is currently worth $18,330,383,597, as of October 31 2024, Bitcoin being worth $73,000.
We've seen people say it was a bad investment, that MicroStrategy was going to fail, and million other things, while they never cared and kept buying. They've doubled their money into $18 billion by purely DCAing and holding.
And we have no idea how high Bitcoin will keep going, as it's just getting started, and their profits might become even more.
Both MicroStrategy and El Salvador have made crazy amount of gains while both were criticised for their decision initially.
And the first few days of October had everyone thinking we won't get anywhere near the ATH, but it seems the market doesn't really care about TAs and what we think. Michael Saylors personal opinion was that Bitcoin could reach $13M each by 2030, so we'll see how that goes.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments