Software company MicroStrategy’s unrealized profits from Bitcoin investments exceeded $1 billion.
MicroStrategy’s Bitcoin reserve has moved back into positive territory as the price improved compared to the beginning of the year.
The Virginia-based company, founded by Michael Saylor, increased the total amount of Bitcoin in its reserve to 158,400 with the 155 Bitcoin it purchased in October.
The company averages $29,586 per unit for these; In total, it spent approximately 4.69 billion dollars.
Michael Saylor, with the elimination of legal uncertainties in the cryptocurrency sector “institutional investors more comfortably” He said he was able to enter the industry.
The unrealized profit of Bitcoins in MicroStrategy’s reserve has grown with the rise in recent weeks. According to CoinGecko data, Bitcoin, traded at $ 36,561, was transferred to MicroStrategy. It generates more than $1.1 billion in unrealized profits.