MicroStrategy gained $642 million from Bitcoin, showcasing potential of BTC as investment

From Investing.com

January 22, 2025 2:00:23 pm:

MicroStrategy, the business intelligence firm heavily invested in BTC, announced a record-breaking Bitcoin gain of 6,120 BTC. With a 1.36% yield on its 45,000 BTC base, this translates to $642.6 million in profit. The company remains committed to maximizing shareholder returns through Bitcoin investments.

MicroStrategy’s recent performance highlights its strategy of using Bitcoin as a core asset for long-term value creation. Last week’s gains far surpassed those from two weeks ago, showcasing the potential of BTC as an investment. The current price of Bitcoin at $104,542.64 indicates the possibility of new peaks in the cryptocurrency market by 2025.

Michael Saylor, MicroStrategy’s executive chairman, continues to express unwavering optimism in Bitcoin’s potential and value. He believes that no other cryptocurrency can rival BTC, emphasizing its significance in the digital asset landscape. Financial experts predict that Bitcoin’s price movement could surprise market participants with new highs in the coming years.

Read more at Investing.com: MicroStrategy Just Delivered $642 Million in Bitcoin to Investors By U.Today