Posted 1/10/2024, 8:12:01 AM
MicroStrategy Reaps Over $840M in Bitcoin Gains Despite Saylor Stock Sale
- MicroStrategy has recorded over $840M in unrealized Bitcoin gains in 2024, with $600M from a single day of trading
- The company's Bitcoin treasury is valued at $8.8B as of 2024
- MicroStrategy CEO Michael Saylor sold $216M in company shares as part of a pre-disclosed plan
- Saylor believes MicroStrategy stock remains a good Bitcoin investment option despite new spot BTC ETFs
- MicroStrategy holds 189,150 BTC acquired at an average cost of $31,168 per Bitcoin