The value of bitcoins on MicroStrategy’s balance sheet has reached $10 billion

• MicroStrategy owns 190,000 BTC.
• Thanks to the recent rise in the price of Bitcoin, the value of its reserves has increased to $10 billion.
• The company’s unrealized profits exceeded $3.5 billion at an exchange rate of $50,000.

Technology giant MicroStrategy Inc. has bitcoin reserves of $10 billion, writes Bloomberg. The company has 190,000 BTC in its account.

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The firm, founded by Michael Saylor, reportedly has unrealized profits of 70% on its Bitcoin investment.. On February 13, 2024, with the exchange rate of the first cryptocurrency at $50,000, it was valued at $3.5 billion.

MicroStrategy previously announced that it spent a total of $5.93 billion on the acquisition of bitcoins.. In other words, 1 BTC cost the company $31,224.

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Since the firm’s founder bet on acquiring the first cryptocurrency, MicroStrategy shares have risen more than 500%, according to TradingView.. At the time of writing, the rate is at $768, and the company’s market capitalization exceeds $12.9 billion.

. Источник: TradingView.” class=”wp-image-206220″ srcset=”https://incrypted.com/wp-content/uploads/2024/02/WIFUSDT_2024-02-13_16-07-51-1-1024×555.png 1024w, https://incrypted.com/wp-content/uploads/2024/02/WIFUSDT_2024-02-13_16-07-51-1-300×162.png 300w, https://incrypted.com/wp-content/uploads/2024/02/WIFUSDT_2024-02-13_16-07-51-1-768×416.png 768w, https://incrypted.com/wp-content/uploads/2024/02/WIFUSDT_2024-02-13_16-07-51-1.png 1614w” sizes=”(max-width: 1024px) 100vw, 1024px”>Hourly chart of MSTR shares on the NASDAQ stock exchange. Source: TradingView

The last time the tech giant bought Bitcoin was in January 2024.. Then the company purchased 850 BTC for $37.2 million.

Let us recall that we wrote that Michael Saylor was selling MicroStrategy shares on the eve of the launch of a Bitcoin ETF.