Michael Saylor Reports $3.6 Billion Bitcoin Profit for Strategy
- Strategy has reported a profit of approximately $3.6 billion, translating to a gain of 47,079 BTC for April.
- The company achieved a yield of 6.2% on Bitcoin during the first three weeks of April.
- As of April 19, Strategy holds a total of 815,061 BTC, valued at around $61.56 billion.
- On April 20, the company acquired an additional 34,164 BTC for $2.54 billion at an average cost of $74,395 per Bitcoin.
- Year-to-date yield on Bitcoin stands at an impressive rate of 9.5% for the company.
Michael Saylor explained that the company’s BTC Gain indicator is akin to Net Income in traditional finance, reflecting their focus on profitability through Bitcoin investments.
With a significant acquisition and strong performance metrics, Strategy’s current holdings reflect its commitment to maximizing returns in the Bitcoin market, showcasing a breakeven point with an average acquisition cost of $75,527 per Bitcoin.
