News - This is how profitable MicroStrategy is

By Mike Hesp

This is how profitable MicroStrategy is

Bitcoin (BTC)

With recent gains in Bitcoin, MicroStrategy is writing book profits again.

At 152,333 BTC, MicroStrategy is the largest listed Bitcoin hodler in the world. Now the company's Bitcoin investments are back in the green.

According to data from MicroStrategy brought in about $174 million in book profits on BTC. This equates to a 4 percent gain. However, the company is not thinking of selling.

Co-founder Michael Saylor is considered a leading Bitcoin advocate and was instrumental in shaping the company's strategy to make strategic Bitcoin investments.

Eind June bought the company BTC worth $347 million. Saylor treasure the average purchase value at USD 29,668 per BTC.

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