Michael Saylor’s MicroStrategy Bitcoin investment is now at a $1,000,000,000 unrealized profit, according to Saylor’s profile tracker. Amid Bitcoin ETF approval expectations, his stash of Bitcoin has grown plenty over the past few weeks.
The software firm has long been led by the Bitcoin enthusiast, with his optimism and trust paying off. As a result, Saylor’s investment expects to see more growth, especially if the SEC grants approval to all pending Bitcoin ETF applications.
In October, MicroStrategy acquired an additional 155 BTC for $5.3 million. Now, the firm holds 158,400 total Bitcoin. In a recent CNBC interview, Saylor shared his opinion that BTC is on the verge of another price rally. Saylor says that the surge could leave a lasting mark on contemporary financial history.
The upcoming Bitcoin halving in April 2024 will shape the near future of Bitcoin price. Most analysts suggest that as we creep towards the halving, BTC will rally even more. Combined with any Spot Bitcoin ETF applications being approved, don’t be surprised if Saylor’s MicroStrategy Bitcoin stash increases even further in value beyond the $1 billion threshold.
Michael Saylor continues to be optimistic on Bitcoin, and Microstrategy’s BTC holdings may also rise in volume soon, not just value.