The post MicroStrategy Bitcoin Holdings Hit $10 Billion Profit Amid $81K BTC Price Surge appeared first on Coinpedia Fintech News
The price of Bitcoin now stands at around $81,107.53. Since November 5, the day of the US presidential election, the BTC market has grown by at least 19.56%. In the last 24 hours alone, the market has experienced a notable surge of 2.1%. Companies with significant BTC holdings have benefited from this impressive growth of BTC. MicroStrategy, with 252,220 BTC, is the one, which has benefited the most. Let’s dive in for more details!Â
Bitcoin Price Surge to $80,000
Last week, many experts predicted that the Bitcoin price would surpass the $80K level soon. On November 8, Friday, the price closed at $76,491.72. During the weekend, the price climbed by nearly 5.17%. Notably, in the last seven days, Bitcoin has registered a rise of 17.0%. Now, the price remains at $81,107.53.
MicoStrategy’s Unrealised Profit of $10 Billion
MicoStrategy is the public company with the largest BTC holdings. It holds at least 252,220 BTC. The current value of the BTC holdings of MicoStrategy is $20,481,023,182. Considering the fact that the average purchase price per BTC for MicoStrategy is just $39,266, the company currently enjoys an unrealised profit of $10,553,270,696.
Top Public Companies by BTC Holdings
Apart from MicoStrategy, other companies in the top ten list by BTC holdings include Marathon Digital Holdings Inc (25,945 BTC), Riot Platform Inc (10,019 BTC), Tesla Inc (9,720 BTC), Hunt 8 Corp (9,109 BTC), Coinbase Global Inc (9,000 BTC), CleanSpark Inc (8,701 BTC), Block Inc (8,211 BTC), Galaxy Digital Holdings (8,100 BTC), and Bitcoin Group SE (3,830 BTC).
Top Countries by BTC Holdings
The top seven countries by BTC holdings are: the USA (20,189 BTC), China (194,000 BTC), the UK (61,000 BTC), Ukraine (46,351 BTC), Bhutan (13,029 BTC), El Salvador (5,748.8 BTC), and Finland (1,981 BTC).
Top Private Companies by BTC Holdings
The top five private companies by BTC Holdings are: Block.one (140,000 BTC), Tether Holdings LTD (82,454 BTC), Xapo Bank (38,931 BTC), BitMEX (36,794 BTC), and Mt.Gox (34,164 BTC).
The BTC strategies of leading institutional players like MicroStrategy continue to pay off as Bitcoin’s latest surge drives their portfolio values to new heights.Â
MicroStrategy owns 252,220 Bitcoin. The company began accumulating Bitcoin in 2020 at an average purchase price of $39,200 per Bitcoin, totaling approximately $9.9 billion in investment.
MicroStrategy has an unrealized profit of approximately $10.55 billion from its Bitcoin investment, with an average purchase price of $39,266 per BTC.
