MicroStrategy has become one of the top gainers of the recent Bitcoin bullish trend, and the analytics provider has secured billions in gains after disregarding naysayers to make a long-running bet on Bitcoin.<\/p>\n
Leading provider of enterprise analytics and mobility software, MicroStrategy is riding the early wave of the anticipated Bitcoin bull run. The analytics provider has seen the profit on its billion-dollar BTC bet rise to $2 billion following Bitcoin\u2019s rise from below $38,000 during the weekend to over $41,000 this week.\u00a0<\/a><\/p>\n According to Simply Bitcoin, an X<\/a> (formerly Twitter) handle, Michael Saylor, the former CEO and Executive Chairman of MicroStrategy has revealed approximately 174,530 BTC in the company\u2019s BTC portfolio<\/a>. This makes the business intelligence company presently the largest corporate Bitcoin holder<\/a> globally.\u00a0<\/p>\n Around late November, Saylor announced that the company had purchased another $593.3 million worth of Bitcoin<\/a> at an average price of $36,785 per BTC. Due to Bitcoin skyrocketing to $41,000 highs this week, the company has made profits of $11,460 per Bitcoin with an average price of $30,252 on its massive Bitcoin stash.<\/a><\/p>\n Not only has the company gained massively from its large-scale Bitcoin investment, but MicroStrategy\u2019s stocks<\/a> (MSTR) went up by 8.2% following its purchase in November. MSTR<\/a> shares were trading over 4% higher on Monday and its present market cap has hit $8.18 billion. The shares are up by 6.74% at the time of writing and with Bitcoin still maintaining its positive sentiment,<\/a> there may be additional gains in the future.\u00a0<\/p>\n\n Following its spike to $41,000<\/a>, Bitcoin\u2019s rank in the top global assets market capitalization went up significantly, surpassing the formidable Berkshire Hathaway, an American multinational conglomerate, led by billionaire investor Warren Buffet.\u00a0<\/p>\n According to Companies Market Cap data, <\/a>Berkshire Hathaway\u2019s market cap at the time of writing is approximately $776.75 billion and down by 0.11%. In contrast, Bitcoin\u2019s market cap<\/a> is up by 0.43% and has surged to $816.30 billion.\u00a0<\/p>\n The cryptocurrency is a few billion away from surpassing Meta Platforms (Facebook), which has a market cap of $822.40 billion and is ranked at the 9th position on the top asset market cap list.<\/p>\n Bitcoin<\/a> presently ranks as the 10th top asset by market cap in the world. The cryptocurrency has seen its price spike triggered by a myriad of factors including the potential approval of Spot Bitcoin ETFs<\/a>, the hopeful sentiment surrounding US rate hikes by the Federal Reserve, and the upcoming Bitcoin halving in 2024.<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n MicroStrategy has become one of the top gainers of the recent Bitcoin bullish trend, and the analytics provider has secured billions in gains after disregarding naysayers to make a long-running bet on Bitcoin.<\/p>\n Leading provider of enterprise analytics and mobility software, MicroStrategy is riding the early wave of the anticipated Bitcoin bull run. The analytics provider has seen the profit on its billion-dollar BTC bet rise to $2 billion following Bitcoin\u2019s rise from below $38,000 during the weekend to over $41,000 this week.\u00a0<\/a><\/p>\n According to Simply Bitcoin, an X<\/a> (formerly Twitter) handle, Michael Saylor, the former CEO and Executive Chairman of MicroStrategy has revealed approximately 174,530 BTC in the company\u2019s BTC portfolio<\/a>. This makes the business intelligence company presently the largest corporate Bitcoin holder<\/a> globally.\u00a0<\/p>\n Around late November, Saylor announced that the company had purchased another $593.3 million worth of Bitcoin<\/a> at an average price of $36,785 per BTC. Due to Bitcoin skyrocketing to $41,000 highs this week, the company has made profits of $11,460 per Bitcoin with an average price of $30,252 on its massive Bitcoin stash.<\/a><\/p>\n Not only has the company gained massively from its large-scale Bitcoin investment, but MicroStrategy\u2019s stocks<\/a> (MSTR) went up by 8.2% following its purchase in November. MSTR<\/a> shares were trading over 4% higher on Monday and its present market cap has hit $8.18 billion. The shares are up by 6.74% at the time of writing and with Bitcoin still maintaining its positive sentiment,<\/a> there may be additional gains in the future.\u00a0<\/p>\n Following its spike to $41,000<\/a>, Bitcoin\u2019s rank in the top global assets market capitalization went up significantly, surpassing the formidable Berkshire Hathaway, an American multinational conglomerate, led by billionaire investor Warren Buffet.\u00a0<\/p>\n According to Companies Market Cap data, <\/a>Berkshire Hathaway\u2019s market cap at the time of writing is approximately $776.75 billion and down by 0.11%. In contrast, Bitcoin\u2019s market cap<\/a> is up by 0.43% and has surged to $816.30 billion.\u00a0<\/p>\n The cryptocurrency is a few billion away from surpassing Meta Platforms (Facebook), which has a market cap of $822.40 billion and is ranked at the 9th position on the top asset market cap list.<\/p>\n Bitcoin<\/a> presently ranks as the 10th top asset by market cap in the world. The cryptocurrency has seen its price spike triggered by a myriad of factors including the potential approval of Spot Bitcoin ETFs<\/a>, the hopeful sentiment surrounding US rate hikes by the Federal Reserve, and the upcoming Bitcoin halving in 2024.<\/a><\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-33761","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=33761"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33761\/revisions"}],"predecessor-version":[{"id":33777,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33761\/revisions\/33777"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33761"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Claims 10th Spot In Global Asset Market Cap<\/h2>\n
MicroStrategy Massive Bitcoin Bet Hits Gold<\/h2>\n
Bitcoin Claims 10th Spot In Global Asset Market Cap<\/h2>\n