Michael Saylor’s ‘Strategy’ now has over $30 billion in unrealised Bitcoin profit
Main Idea
Michael Saylor's Bitcoin accumulation strategy has resulted in significant unrealized profits, with his holdings now worth approximately $76.16 billion, showcasing his strong belief in Bitcoin as a treasury reserve asset.
Key Points
1. Michael Saylor's Bitcoin holdings of 628,946 BTC are worth approximately $76.16 billion as of August 12, with an unrealized profit of $30.06 billion (65% gain).
2. MicroStrategy recently purchased an additional 155 BTC for roughly $18 million, reinforcing Saylor's commitment to Bitcoin as 'digital gold'.
3. Since 2020, MicroStrategy's Bitcoin-first balance sheet strategy has effectively turned the company into a de facto Bitcoin ETF.
4. Saylor's paper gains from Bitcoin far exceed the $700 million made by Michael Burry during the 2008 financial crisis with his 'Big Short' trade.
Description
Strategy co-founder and executive chairman Michael Saylor’s relentless Bitcoin accumulation strategy is paying off on a historic scale. As of August 12, with Bitcoin trading at $118,567, Saylor’s stash of 628,946 BTC is now worth approximately $76.16 billion, according to wallet tracking data. With a total investment of $46.1 billion, Strategy sits on $30.06 billion in unrealized profit a 65% paper gain. Michael Saylor's STRATEGY has over $30 BILLION in unrealized Bitcoin profits pic.twitter.co...
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