MicroStrategy, guided by Executive Chairman <a href="https://www.cryptoknowmics.com/news/regulators-destine-crypto-industry-to-be-btc-focused-michael-saylor/" target="_blank" rel="noopener">Michael Saylor</a>, has reaped substantial returns from its significant Bitcoin investment initiated in August 2020. As of November 30, the business intelligence firm held 174,530 Bitcoins, acquired for about $5.28 billion at an average cost of $30,252 per Bitcoin.

With Bitcoin's surge to $42,000, the value of MicroStrategy's holdings soared to approximately $7.3 billion on Monday, resulting in a profit exceeding $2 billion. Despite a slight pullback to $41,700, the firm's profit remains noteworthy.
<h2>MicroStrategy Overcomes Risks, Expands Bitcoin Portfolio, Earns Praise</h2>
This surge in Bitcoin's price marks a peak not seen since April 2022, prior to the collapse of the Terra ecosystem. During the 2022 bear market, Bitcoin's value dropped below $16,000, posing a considerable risk to MicroStrategy's investment. Nevertheless, Saylor persisted in expanding the company's Bitcoin portfolio, utilizing a combination of debt and equity to fund the purchases.

MicroStrategy's addition of 16,130 Bitcoins to its treasury earned praise from billionaire investor and Galaxy Digital CEO Mike Novogratz, who hailed Saylor as a "legend."

MicroStrategy's $2B Profit Amid Bitcoin Rally

MicroStrategy secures over $2B profit with Bitcoin rallying near $42K. Explore the success story in the crypto market. 💹 #MicroStrategy #BitcoinRally

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

MicroStrategy's $2B Profit Amid Bitcoin Rally

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