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MicroStrategy’s Bitcoin Holdings Finally Reach New Low: We Guess That Means They’re Doing Better Than Expected?

An illustration of a bear climbing up a mountain with an arrow pointing upwards from its backside, while another bear is sliding down the same mountain but much faster than the first one; both bears have dollar signs and coins attached to their fur; in the background, two mountains are shown side by side: one has a higher peak

The eternal tale of Microstrategy’s bitcoin bonanza: where one man’s folly becomes another man’s fortune (or not). It seems Michael Saylor has finally managed to catch up with the theoretical ether profits without staking – and by “catch up”, I mean he’s still stuck in a rut, but at least his losses are now comparable. The tables have turned on blockchaincenter.net’s ‘There Is No Second Best’ index, which once suggested that investing in ethereum would’ve been a wiser choice for Microstrategy (I know, I was shocked too). Now, ether is only 63% higher than their bitcoin holdings – still not great odds.

Source: bitcoin.com

After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, the gap has now narrowed. At present, an investment in ether would only be 63% higher in […]

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