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MicroStrategy’s Bitcoin Paper Gains Swell To $840M In 2024

Published by
Benzinga

The software technology firm MicroStrategy Inc (NASDAQ:MSTR) has recorded over $840 million in unrealized gains from Bitcoin (CRYPTO: BTC) investment in 2024, with a significant chunk of these gains resulting from a single day’s trading. What Happened: As per a report by Cointelegraph on Tuesday, MicroStrategy, earned about $600 million in unrealized gains on January 8, fueled by the continued Bitcoin price rally. The company’s Bitcoin treasury, the largest corporate one globally, is currently valued at approximately $8.832 billion, marking an $840 million increase since the start of 2024. Int…

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