After the Bull Run, Michael Saylor Increased His Bitcoin Fortune: Here’s the Latest on His Portfolio

Today’s sharp rise in Bitcoin prices has brought institutional investors’ balance sheets back into the spotlight, with particular attention paid to the current profit/loss status of Michael Saylor and his company, Strategy, regarding their Bitcoin positions.

As of today, Strategy holds a total of 780,897 BTC, with a total value of approximately $60.37 billion. The company’s average cost per tranche is calculated at $75,577. With the Bitcoin price rising to approximately $78,300, the company has returned to profitability.

According to recent data, Strategy’s Bitcoin portfolio saw a daily increase of approximately 2.30%, adding over $1.35 billion to the company’s asset value. Considering the total cost is $59.02 billion, the current situation shows that Strategy is carrying approximately $1.3 billion in unrealized profit.

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Strategy’s position had turned into a loss during the periods when Bitcoin fell below $70,000 in previous months. However, with the recent rise, the price has once again surpassed the average cost, bringing the company’s balance sheet back into positive territory.

The company, which made new purchases of approximately 13,927 BTC worth $1 billion on April 13th, continued to view dips as opportunities. Large-scale purchases made throughout March also played a significant role in balancing the average cost.

*This is not investment advice.

Continue Reading: After the Bull Run, Michael Saylor Increased His Bitcoin Fortune: Here’s the Latest on His Portfolio