24/7 Cryptocurrency News

Bitcoin (BTC) Price: MicroStrategy’s Unrealized Profit Hits $5.7B High

As the price of Bitcoin crossed the $61,100 threshold, the total MicroStrategy's unrealized profit tops $5.7 billion
Published by
Bitcoin (BTC) Price: MicroStrategy’s Unrealized Profit Hits $5.7B High

Highlights

  • Bitcoin price has surpassed the $61,100 benchmark
  • MicroStrategy's unrealized profit now tops $5.7 billion
  • It remains unclear whether Bitcoin will retest its ATH

With the current rally in Bitcoin price, Michael Saylor’s MicroStrategy is definitely one of those firms counting their unrealized profit in billions of dollars.

Advertisement

Ongoing Market Rally Sends MicroStrategy’s Profit to the Roof

Over the years, the popular business intelligence and software firm has maintained a Bitcoin strategy that has left many observers awestruck. MicroStrategy has continued to acquire Bitcoin not minding the price of the coin at any time. Recently, the company announced a new acquisition of Bitcoin which ran to the tune of millions. 

According to MicroStrategy’s new filing with the United States Securities Exchange Commission (SEC), between February 15 and 25, an additional 3,000 Bitcoin units were purchased for $155.4 million. The recent acquisition was made at an average price of approximately $51,813 per BTC. This increased its total Bitcoin holding to 193,000 units, acquired at about $6.09 billion at an average price of $31,544 per Bitcoin.

Today, Bitcoin price is at around $61,113, bringing the value of MicroStrategy’s Bitcoin holding to a total volume of $11.7 billion. Considering the estimated value of its holding in relation to the present Bitcoin price,  the business intelligence software company has a total unrealized profit of $5.7 billion. 

One would expect that this is a good time for MicroStrategy to sell its holdings, however, it does not look like the firm would bulge any time soon. Plus, Saylor had earlier said that there is “no reason to sell the winner and buy the losers,” a statement that suggests that the company won’t be selling its Bitcoin holding any time soon.

Advertisement

Bitcoin Price Poised for Mega Rally Post-Halving

As for the leading cryptocurrency, the positive momentum that it is currently displaying may be the beginning of a bullish run. Market experts are speculating that the flagship cryptocurrency will soar as high as $273,000 after the much-anticipated Bitcoin halving event. 

It was recently discovered that the daily Bitcoin demand is already about 13x the daily miner production. Considering the fact that the halving event will cause a slash in the total supply of the coin, Bitcoin price will probably skyrocket as demands will further exceed supply.

The growing adoption of spot Bitcoin ETFs will also play a path in pushing the price of Bitcoin towards a new all-time-high (ATH) as it complements the demand side with multiple institutions looking to gain exposure to the asset class through the ETF products.

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025
  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025
  • 24/7 Cryptocurrency News

Justin Sun Pledges $20M Buy Following WLFI Wallet Freeze

Justin Sun responded to World Liberty Financial freezing his wallet by promising to purchase $20…

September 6, 2025