After the bull market, Michael Saylor increased his Bitcoin-derived wealth: here are the latest details on his portfolio
Today’s sharp rise in Bitcoin prices has once again drawn attention to the balances of institutional investors, with particular focus on the current profit/loss status of Michael Saylor and his company Strategy regarding their Bitcoin positions.
As of today, Strategy holds 780,897 $BTC, with a total value of approximately $60.37 billion. The average cost per tranche is estimated at $75,577. With Bitcoin rising to around $78,300, the company has returned to profitability.
According to the latest data, Strategy’s Bitcoin portfolio increased by about 2.30% daily, adding more than $1.35 billion to the company’s asset value. Considering the total asset cost of $59.02 billion, the current situation shows that Strategy has approximately $1.3 billion in unrealized profit.
During periods when Bitcoin fell below $70,000 in previous months, the strategy resulted in losses. However, with the recent price increase, Bitcoin has once again exceeded the average cost basis, bringing the company back into positive territory.
The company, which made new purchases of approximately 13,927 $BTC worth $1 billion on April 13, continued to view price dips as opportunities. Large-scale purchases made throughout March also played a significant role in averaging down the overall cost basis.
See also: "The U.S. Securities and Exchange Commission (SEC) Grants New Official Approval for Crypto Use"
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