Surpassed $20bn in Bitcoin profits.
MicroStrategy’s Bitcoin profits have surpassed $20 billion as the cryptocurrency hit an all-time high of $108,000. This milestone comes after MicroStrategy revealed on the 16th that it currently holds 439,000 BTC (purchased for $27.1 billion). Despite huge gains from its Bitcoin strategy, the company’s core software business remains unprofitable. Despite this, MicroStrategy’s stock (MSTR) still has a market capitalization of $83 billion, demonstrating strong investor confidence. Bitcoin’s surge also coincides with speculation about President-elect Donald Trump’s plans to establish a U.S. strategic Bitcoin reserve, which could further impact the cryptocurrency market.
