According to statistics provided by Blockchain Center, MicroStrategy could have made an additional $3 billion as of November 6 by investing in Ethereum.
Specifically, the company had 130,000 BTC as of September 20, 2022, with a market value of $2.69 billion at the time of writing. The sum, however, could control around 3,542,000 ETH worth $5.56 billion if it were invested in Ethereum.
Throughout many market cycles, MicroStrategy has amassed Bitcoin. As Coincu reported, the company increased its Bitcoin holdings by taking advantage of the bad market. Former CEO Michael Saylor said that Bitcoin is the best store of wealth and inflation hedge available, in addition to being unrivaled.
MicroStrategy has also suffered losses on its Bitcoin investment during this period. The company recorded a $727,000 digital asset impairment charge on its Bitcoin assets in the third quarter, down considerably from $917.8 million in the second quarter.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
BTFD Coin is offering a chance to relive the glory days of meme coin investing,…
Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…
Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…
This website uses cookies.