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Holding 158,245 BTC, MicroStrategy’s unrealized profit is around $750 million with an average cost below $30K per BTC.
Michael Saylor, MicroStrategy’s Executive Chairman, champions Bitcoin for its inflation protection and once forecasted a $1 million valuation for the cryptocurrency.Bitcoin’s recent spike towards $35,000 has been embraced by bulls and investors who held their positions throughout the prolonged bear market.
According to the Web3 data analysis tool, MicroStrategy has purchased 28,560 BTC since May 2022 at an average valuation of $25,707, whereas the average price of its total holdings is a little less than $30K. In his view, the maximum supply cap of 21 million coins ever to exist makes BTC a great shield against inflation. As such, he had previouslyWe recently released a video depicting the top five forecasts coming from experts.
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