MicroStrategy's Bitcoin Investment Soars to $11 Billion, Stock Deemed a 'Buy'
MicroStrategy has accumulated 193,000 Bitcoins worth over $11 billion, resulting in nearly $5 billion in unrealized gains. Despite the potential for huge profits, Chairman Michael Saylor stated that there is "no reason to sell the winner and buy the losers," indicating no plans to sell soon. The company's Bitcoin profits far exceed its operational earnings, and its market cap is approaching the size of its Bitcoin holdings. MicroStrategy considers itself the world's first Bitcoin development company and remains bullish on Bitcoin for the long term.