MicroStrategy – business analytics and software company earned more than 1 billiondollars on investments in bitcoin.
Michael Saylor, Executive DirectorMicroStrategy announced its first purchase of BTC for $250 million last August. This marked the first time that a publicly traded company invested in Bitcoin as part of its capital allocation strategy.
In September, the company purchased additional military-technical cooperation for another $ 175 million, and in December for as much as $ 650 million.
On January 22nd, Sailor announced the purchase by BTCanother $ 10 million at an average price of $ 31,808. The company now owns 70,784 bitcoins, which it holds as its corporate treasury reserve.
At the current exchange rate, MicroStrategy's crypto assets are valued at over $ 2.23 billion, with just over $ 1 billion invested.
Sailor himself admitted to being a bitcoin skepticuntil the COVID-19 crisis last March. But amid the dollar's fall, Sailor found that MicroStrategy's excess cash was diminishing in value. He decided that it is more profitable to keep part of the reserves in bitcoin, and not in dollars.
Mike Novogratz's Galaxy Digital Holdings Foundation acquired 16.5 thousand BTC, receiving almost 400 thousand dollars in profit.
Closes the top three major MTC holdersmining company Marathon Patent Group. Her investment was $ 150 million for 4813 bitcoins. In January, the company's profit amounted to $ 16.5 million, however, with the fall of the BTC price to $ 30,000, the company began to go negative.
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