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What If MicroStrategy Bought ETH Instead Of Bitcoin?

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by COINS NEWS 109 Views

The company, which was founded by crypto billionaire Michael Saylor, is one of the largest HODLers of bitcoin.

MicroStrategy holds 152,333 bitcoin, worth over $4.6 billion at current prices.

Which makes it's average price per Bitcoin at $30,197. Which means as of today, MicroStrategy is in 12% loss from it's Bitcoin holdings, which I'm sure they will recover in upcoming bull run.

But, What if MicroStrategy was an ETH maxi rather than BTC maxi. How much profit/loss would they have been in?

So I calculated the amount with ETH price everytime they declared they bought Bitcoin and result came quite shocking.

If they would have bought ETH on same days with exactly the same amount then they would have had around 3.78M - 3.80M ETH coins worth over $4.53 Billion dollars.

The average price would have been around $1194 which means they would have been in 37% profit on their investments.

[Well, I'm not saying they should have bought ETH, This is all just a fun Point-of-view.

If you guys will be interested i would calculate the same for other coins like DOGE, ADA, SOL, BNB, LTC, LINK and obviously MOONs.]

TLDR -if MicroStrategy always bought ETH with same amount during same days, they would be in around 37% profit as of today and currently with BTC they are in around 12% loss.

submitted by /u/sadsissyphus
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