MicroStrategy, the business intelligence firm, has amassed an impressive cache of 205,000 Bitcoins since 2020, according to data from Saylor Tracker. This acquisition, totaling approximately $6.95 billion and acquired over 36 transactions at an average price of $33,928, has now surged to a staggering 117.3% profit, amounting to roughly $8.16 billion.
The latest addition to MicroStrategy’s Bitcoin holdings occurred on March 11, where the company purchased 12,000 coins at an average price of $68,477. As per Saylor Tracker’s data, the current valuation of MicroStrategy’s Bitcoin holdings stands at $15.12 billion.
This remarkable increase in MicroStrategy’s profits coincides with Bitcoin’s relentless climb to new heights in recent days. Over the past week, Bitcoin has been setting new records, with its value surging by 2.6% in the last 24 hours to reach $73,580 at the time of writing. Notably, Bitcoin reached a new all-time high of $73,610 around 08:30 UTC on March 13 before experiencing a slight dip.
Bitcoin’s dominance in the market remains significant, with a market capitalization of $1.44 trillion and a market share of 49.7%. Furthermore, its daily trading volume has seen an 11% increase, now totaling $63 billion.
