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MicroStrategy’s Michael Saylor Bitcoin Strategy Clocks $1.8 Billion Profit

Bitcoin luminary Michael Saylor, also the Chairman of MicroStrategy, is currently reveling in $1.8 billion profit from his strategic Bitcoin investments.

In comparison, in August 2022, his paper losses amounted to about $1 billion

Since September 2020, Saylor has methodically invested $5,325,400,000 to acquire 174,530 BTC.

Presently, the dollar-cost average for Saylor’s three-year Bitcoin investment stands at $30,512.81.

With Bitcoin’s current value hovering around $39,411, Saylor’s initial investment of $5.325 billion has ascended to more than $7 billion.

Saylortracker‘s data, which tracks Michale Saylor’s BTC addresses, reveals his’s portfolio at a $7,102,706,533.19, marking a 33.37% gain, reaching an all-time high.

Saylor made crypto headlines with a large Bitcoin purchase — 16,130 units at $593.3 million, just four days ago.

The average cost per Bitcoin then was $36,785.

This means he has made a profit of more than $61 million over the last four days.

This marks Saylor’s second Bitcoin acquisition for November 2023.

On November 1, he invested $5.3 million to secure 155 BTC, now valued at $6.293 million.

His total Bitcoin accumulation for November is 16,285 BTC.

Microstrategy’s largest purchase occurred during the peak of the last bull cycle.

On February 24, 2021, he invested over $1 billion to acquire 19,452 Bitcoin at an average price of $52,765 per Bitcoin. This, despite Bitcoin’s recent meteoric rise, however, continues to be a loss in the books, marking a loss of about $236 million.

Conversely, Saylor’s most strategic Bitcoin acquisition took place on September 14 and 17, 2020.

During these periods, he entered the market at an average price of $10,419.15 and $11,652.84, respectively.

This investment, however, was not coincidence.

Tt is a prime example of dollar-cost-averaging (DCA) at work.

MicroStrategy announced the strengthening of its Bitcoin portfolio following a $750 million stock sale in August.

In April 2023, MicroStrategy reported a net income of $22.2 million, a stark contrast to the previous year’s loss of $1.1 billion.

The company subsequently expressed its intention to expand its Bitcoin holdings, initially standing at 152,800 BTC.

In line with this strategy, MicroStrategy acquired 1,045 Bitcoins for approximately $29.3 million in April 2023, after an acquisition of about 6,500 Bitcoins earlier in May.

* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.