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coinpedia
2024-02-16 03:02:28

MicroStrategy’s Bitcoin Bet Yields $4 Billion Profits, Surpasses $10 Billion Mark

MicroStrategy’s Bitcoin Bet Yields $4 Billion Profits, Surpasses $10 Billion Mark

The post MicroStrategy’s Bitcoin Bet Yields $4 Billion Profits, Surpasses $10 Billion Mark appeared first on Coinpedia Fintech News In a strategic move during the Covid-19 crisis, MicroStrategy’s CEO, Michael Saylor, redirected the company’s cash into Bitcoin, a decision that has now reaped benefits and profits for the company. MicroStrategy (MSTR), the largest corporate bitcoin owner, had purchased 190,000 bitcoins for $5.93 billion, or $31,224 per coin, by the end of January. The company …

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