MicroStrategy’s Bitcoin Profits Soar Past $10.19 Billion as Michael Saylor Eyes Even Greater Gains

Michael Saylor clarified his intentions amidst the current Bitcoin market bull phase, expressing that he is looking forward to further gains & investment in Bitcoin.

Michael Saylor is the chairman and former CEO of Nasdaq-listed business intelligence firm MicroStrategy, which began acquiring Bitcoin in 2020 under his leadership. In 2022, Saylor stepped down from the CEO role to dedicate more time to the company’s Bitcoin investment strategy.

As Bitcoin hit a new all-time high today, large holders, including financial institutions, are reaping the benefits of substantial unrealized profits.

MicroStrategy’s Bitcoin Profit

MicroStrategy, holding ₿252,220, currently has an unrealized profit of $10.19 billion. On this profit, MicroStrategy’s former CEO hinted at his desire for more growth, suggesting he is aiming for further Bitcoin investments and increased returns.

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I think https://t.co/meaZhpFNq9 needs more green dots. pic.twitter.com/faeNCKAvNQ

— Michael Saylor⚡️ (@saylor) November 10, 2024

Saylor has consistently promoted Bitcoin, urging others to invest due to Bitcoin’s limited supply, which is set to decrease significantly over time.

Get your #Bitcoin before supplies run out. pic.twitter.com/qMhLzsaP6q

— Michael Saylor⚡️ (@saylor) November 9, 2024

El Salvador’s Bitcoin Profit

El Salvador, where Bitcoin is legal tender, currently holds a total of 5,929 BTC. With this amount, El Salvador’s unrealized profit stands at approximately $110 million.

El Salvador keeps buying 1 #Bitcoin every single day.

They now HODL:
– 5,929.77 $BTC
– Worth $474m

@BitcoinOfficesv pic.twitter.com/MBWLRmS9f1

— Bitcoin Archive (@BTC_Archive) November 10, 2024

Peter Schiff vs Bitcoin

The recent surge in Bitcoin’s price has led Bitcoin enthusiasts to troll prominent critic Peter Schiff, an economist who consistently supports gold and gold ETFs.

Someone check on @PeterSchiff pic.twitter.com/mCram7F5ct

— The ₿itcoin Therapist (@TheBTCTherapist) November 10, 2024

On November 10, 2024, Schiff criticised Bitcoin enthusiasts, referring to them as “corrupt,” and indirectly labelled newly elected U.S. President Donald Trump as corrupt for changing his stance on Bitcoin and endorsing it to gain voter support.

Over the years, #Bitcoin promoters have corrupted many. When #Trump was not running for office, he spoke honestly about Bitcoin. He said it had no value, was based on thin air, was not a currency, could undermine the U.S. dollar, and was a threat to the American financial system.

— Peter Schiff (@PeterSchiff) November 10, 2024

Read also: Donald Trump’s election crypto campaign supporter shares inside report on a country rapidly buying Bitcoin

MicroStrategy’s Bitcoin Profits Soar Past $10.19 Billion as Michael Saylor Eyes Even Greater Gains

 

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