MicroStrategy Bitcoin Profit Soars to $8.4 Billion

The post MicroStrategy Bitcoin Profit Soars to $8.4 Billion appeared first on Coinpedia Fintech News

MicroStrategy is an American Business Intelligence and a Bitcoin development company. Recently, it has achieved $8.4 billion in unrealized profits from its investment in Bitcoin ($BTC). MicroStrategy is currently one of the top companies to hold this digital asset. Notably, they hold around 252,220 Bitcoins at an average purchase price of $39,292. Moreover, they hold the largest amount of Bitcoin among individual companies excluding spot Bitcoin exchange-traded fund (ETF) operators. The BTC price retested the $73k level during the early Asian trading hours with a jump of ~2%.