On November 10th, COINOTAG reported a significant milestone in the cryptocurrency market as Bitcoin surpassed the $79,000 mark. This surge has resulted in MicroStrategy achieving a floating profit exceeding $10 billion. The firm’s extensive holdings now total 252,220 bitcoins, which were acquired at a cost of approximately $9.9 billion. This translates to an average purchase price of around $39,266 per bitcoin, while the current valuation of MicroStrategy’s Bitcoin assets stands at an impressive $19.902 billion. As institutional interest in cryptocurrency continues to grow, MicroStrategy’s strategy highlights the potential profitability that can arise from early investments in digital assets. Investors and stakeholders in the cryptocurrency space are closely watching the company’s movements as they navigate this volatile market.
Source: https://en.coinotag.com/breakingnews/microstrategys-bitcoin-holdings-surge-to-19-9-billion-as-price-surpasses-79000/