Bitcoin (BTC) has not seen such a high level since April 2022, or before the crash of the Terra ecosystem. At its lowest during the bear market of 2022, bitcoin had pulled back to under $16,000, putting MicroStrategy’s bet deep in the red. Saylor, however, continued to add to the company’s holdings, funding purchases with a mixture of debt and equity issuance.
Source: https://www.coindesk.com/markets/2023/12/04/michael-saylors-bitcoin-bet-profit-tops-2b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines