MicroStrategy makes nearly $1 billion from Bitcoin in 2024

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By 2024, Bitcoin brought more than $800 million in profits to software technology company MicroStrategy.

Data from statistical source Bitcoin Treasury confirms that the pioneering corporate investor has made nearly nine figures in Bitcoin this year.

source: Bitcoin treasure

MicroStrategy and Bitcoin: $600 million added in one day

The ongoing BTC price renaissance is of particular interest to MicroStrategy, which owns the world’s largest corporate Bitcoin warehouse.

The last deposit was on December 27, 2023, and the company’s token reserves currently stand at 189,150 BTC. As of January 9, its value was approximately US$8.832 billion, an increase of US$840 million from January 1.

The impressive gains so far this year are just one of many examples of MicroStrategy’s Bitcoin comeback.

On January 8 alone, when BTC/USD broke above $3,000 on the daily line, the company captured the majority of its 2024 profits — approximately $600 million.

When I first purchased Bitcoin in August 2020, the largest cryptocurrency transaction was just over $10,000. After the latest 14,620 BTC buyback, its price base became $31,168 per token.

Last week, MicroStrategy CEO Michael Saylor had similar investment success, personally owning more than 17,000 Bitcoins.

If Bitcoin prices continue to rise, Thaler could soon be among the world’s richest people — but would still need Bitcoin prices to exceed $1 million to unseat Elon Musk.