MicroStrategy Reports Over $1 Billion in Unrealized BTC Profit

MicroStrategy’s 158,400 BTC holdings have experienced an unrealized gain of $1.17 billion, with a 25% increase according to BitcoinTreasuries.

This comes after the company eliminated its “paper” loss on digital gold two weeks ago, with the figure now exceeding $1 billion by 2022.

CEO Michael Saylor has stated that the company has no intentions of liquidating its cryptocurrency reserves and will continue to trade even in unfavorable market conditions.

Over the span of three years, MicroStrategy has spent $4.69 billion on purchasing digital gold, including through fundraising. Currently, its Bitcoin reserves are valued at $5.85 billion.

Marathon Digital, second on the list of top 10 corporate investors, holds 13,726 mined BTC worth $507.5 million. The recent surge in Bitcoin’s price to $37,000 has helped Tesla, which was third on the list, to offset its unrealized loss.