Renowned Bitcoin investor and MicroStrategy chairman, Michael Saylor, has seen his Bitcoin investments reach a staggering profit of over $1.5 billion, according to data from Saylortracker. Saylor, a proponent of Bitcoin, has been steadily accumulating the digital asset over the past three years, resulting in substantial gains.
A profitable journey
Michael Saylor’s strategic Bitcoin investments have paid off handsomely, with his portfolio now standing at an impressive $6,900,641,579.28, marking an all-time gain of 29.58%. Saylor’s journey began in September 2020 when he invested $5,325,400,000 to acquire 174,530 BTC, averaging a cost of $30,512.81 per Bitcoin at the time of writing. With Bitcoin’s current price hovering around $39,411, Saylor’s initial investment has appreciated to nearly $7 billion.
Saylor’s most recent Bitcoin purchase, just four days prior to this report, saw him acquire 16,130 units of Bitcoin at a cost of $593.3 million, with an average cost per Bitcoin of $36,785. Remarkably, this investment has already yielded a substantial profit of $42,978,819.60, showcasing the potential of cryptocurrency investments.
This acquisition was Saylor’s second for November 2023. On November 1, he purchased 155 BTC for $5.3 million, which has now grown into a $6.114 million investment. In total, Saylor accumulated 16,285 Bitcoin during the month of November.
Past Peaks and losses
One of Saylor’s most significant Bitcoin purchases took place during the peak of the last bull cycle on February 24, 2021. He committed $1.026 billion to acquire 19,452 Bitcoin at an average price of $52,765 per Bitcoin. However, this particular investment has not fared as well, currently reflecting a loss of $258.678 million. It serves as a reminder of the volatile nature of the cryptocurrency market.
Saylor’s investment strategy has not only involved making sizable purchases during market peaks but also strategically entering the market during moments of opportunity. Notably, his most discounted Bitcoin acquisitions occurred on September 14 and 17, 2020, when he entered the market at average prices of $10,419.15 and $11,652.84, respectively. These calculated moves have contributed to the overall success of his Bitcoin portfolio.
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