Share this article
Michael Saylor’s MicroStrategy Bitcoin Bet Tops $4B in Profit
The company was the owner of 190,000 bitcoins as of the end of January.
Updated Mar 8, 2024, 9:37 p.m. Published Feb 15, 2024, 3:50 p.m.
With bitcoin's price rise to just shy of $53,000, MicroStrategy (MSTR), the largest corporate owner of the crypto has seen its holdings move above $10 billion, amassing a profit of more than $4 billion.
According to the company’s most recent investor presentation, MicroStrategy at the end of January held 190,000 bitcoins purchased for a total of $5.93 billion, or $31,224 per coin. MicroStrategy began acquiring bitcoin in the second quarter of 2020, and has purchased additional tokens every quarter since. In December last year, the company was sitting on a profit of nearly $2 billion, but that's since doubled thanks to bitcon's more than 20% rally since the start of 2024.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin rose to $52,800 early Thursday morning, bringing the value of MSTR's holdings to just above $10 billion and its profit to more than $4 billion. The price has since pulled back somewhat, trading at $52,000 at press time.
MicroStrategy co-founder and executive chairman Michael Saylor recently said that the listing of the spot bitcoin ETFs is pushing up the token’s price as it's brought about a massive imbalance in the supply/demand equation thanks to a decade of pent-up yearning for a retail accessible BTC product.
MSTR shares were flat in Thursday morning trade and up 21% year-to-date.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
