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On-Chain Wrapped: MicroStrategy
It's hardly a surprise anymore, but throughout 2023, MicroStrategy has repeatedly purchased Bitcoin. The company made a total of eight acquisitions, amounting to 56,267 Bitcoin. This represents a significant 30% of their total Bitcoin holdings, which currently stand at 189,150 Bitcoin. These investments have cost MicroStrategy $1.9 billion, bringing the total amount invested to $5.8 billion. However, the current value of their Bitcoin portfolio far exceeds $8 billion, representing a significant $2.2 billion increase in value. Remarkably, in just one year, MicroStrategy has undergone a notable shift, from a loss of $1.8 billion on January 1 to a profit of $2.1 billion on December 27. Quite an achievement!