Michael Saylor, founder of Strategy (formerly MicroStrategy), has returned to profit on his Bitcoin holdings after several months of massive losses. Bitcoin surged over 10% in a single day to reclaim approximately $79,000, pushing the value of Saylor’s portfolio to $65.24 billion. The company now holds 840,447 BTC acquired at a cost basis of around $75,000 per coin. The price rebound has allowed Saylor to recover approximately $1.63 billion in profits, representing a 2.41% gain. However, Strategy still shows $103.58 million in unrealized losses that remain to be recovered.
Source: Read the original article
