Microstrategy, now called Michael Saylor's Strategy, has seen a 29% gain on its extensive Bitcoin holdings, as the price of Bitcoin remains above $88,000. The company has accumulated approximately 499,096 BTC, which remains in positive territory relative to its acquisition cost. This decision to focus solely on Bitcoin has paid off, as its holdings would be at a loss if it had chosen Ethereum instead. Despite fluctuations in share prices, Michael Saylor's Strategy has seen an 11% gain over the past week, defying the broader downturn in the crypto sector. However, on a year-to-date basis, the company's shares remain down almost 9%.



Other News from Today