Tuesday, April 1, 2025

Bitcoin Hits $100K, and MicroStrategy Is Reaping the Rewards with Massive Profits

Michael Saylor, chairman of MicroStrategy / Yonhap News
Michael Saylor, chairman of MicroStrategy / Yonhap News

As Bitcoin’s value surges, MicroStrategy, the U.S. software company known for its leveraged Bitcoin investments, has disclosed its cryptocurrency profits.

On Saturday, Michael Saylor, co-founder and CEO of MicroStrategy, revealed in a CNBC interview that the company’s Bitcoin holdings have appreciated by $5.4 billion over the past two weeks.

Saylor revealed the company’s profits: “We’re making $500 million a day.” He added, “We may very well be the most profitable company in the U.S., growing the fastest right now. There’s not many companies making $500 million a day.”

The sharp rise in MicroStrategy’s profits comes as Bitcoin’s price recently approached the $100,000 mark.

Saylor began acquiring Bitcoin in 2020 as an inflation hedge. He initially used the company’s operational funds for purchases and later leveraged stocks and convertible bond issuances to expand holdings aggressively. After Donald Trump’s election, the company bought over 50,000 bitcoins.

Following the U.S. presidential election, Bitcoin’s value surged 40% in about two weeks, significantly increasing its valuation by hundreds of millions daily. MicroStrategy now holds 331,200 bitcoins, valued at approximately $30 billion.

The company’s stock price has also seen a dramatic increase.

From $63 at the end of last year, MicroStrategy’s stock closed at $421 on November 22, marking a staggering 600% rise this year alone.

Hot this week

POCO F7 Pro Packs Snapdragon 8 Gen 3 and 120Hz Display—All Under $500

Xiaomi's POCO F7 Pro and Ultra launched in Singapore, featuring sleek designs, impressive specs, and competitive pricing for South Korea.

Lunar Ambitions Accelerate as Korea Develops Rover Propulsion System

KERI transfers electric powertrain tech to UEL for lunar rovers, aiming for self-sufficiency in space exploration by 2032.

German Woman, 66, Gives Birth to 10th Child—Naturally

A 66-year-old German woman, Alexandra Hildebrandt, gives birth to her 10th child naturally, emphasizing health and family joy.

Trump Warns Putin: Ceasefire or Face Tariffs on Russian Oil

Trump grows impatient with Russia over ceasefire negotiations in Ukraine, threatening tariffs on Russian oil if no agreement is reached.

Gold Tops $3,100 for the First Time Ever as Inflation Fears Mount

Gold prices have exceeded $3,100 per ounce, driven by inflation concerns and a downturn in U.S. stock markets.

Topics

POCO F7 Pro Packs Snapdragon 8 Gen 3 and 120Hz Display—All Under $500

Xiaomi's POCO F7 Pro and Ultra launched in Singapore, featuring sleek designs, impressive specs, and competitive pricing for South Korea.

Lunar Ambitions Accelerate as Korea Develops Rover Propulsion System

KERI transfers electric powertrain tech to UEL for lunar rovers, aiming for self-sufficiency in space exploration by 2032.

German Woman, 66, Gives Birth to 10th Child—Naturally

A 66-year-old German woman, Alexandra Hildebrandt, gives birth to her 10th child naturally, emphasizing health and family joy.

Trump Warns Putin: Ceasefire or Face Tariffs on Russian Oil

Trump grows impatient with Russia over ceasefire negotiations in Ukraine, threatening tariffs on Russian oil if no agreement is reached.

Gold Tops $3,100 for the First Time Ever as Inflation Fears Mount

Gold prices have exceeded $3,100 per ounce, driven by inflation concerns and a downturn in U.S. stock markets.

Oil Rally Ends as Stagflation Fears Shake Market Confidence

Fears of U.S. stagflation have lowered oil prices, ending Brent crude's week-long rally despite weekly gains.

Wall Street Slammed by Stagflation Fears—Nasdaq Tanks 2.7%

US stocks plummeted amid stagflation fears, with consumer confidence hitting a three-year low and tech shares suffering significant losses.

Golf Diplomacy? Vietnam Courts Trump to Dodge Tariffs

Vietnam seeks to navigate U.S. tariffs through diplomacy, including golf, while maintaining a significant trade surplus.

Related Articles