MSTR is seeing the fruits of their bitcoin labor pay off in a big way thus far
As bitcoin rallies, those invested in it continue to watch their investment swell.
None being more closely watched than the recent large bet of MicroStrategy.
MicroStrategy invested $425 million in BTC with an average cost basis of roughly $11k.
Based on the current $13,700 BTC price, they are up roughly $100 million on their bitcoin investment.
Check it out:
For those doing the math, that represents roughly a 24% gain on their investment thus far.
However, that's not even the most interesting part of the story...
Yes, it's pretty neat that MSTR made roughly $100 million dollars in a matter of weeks, however, the really interesting part is when you compare it to their company earnings.
Based on their income statement, it looks like MSTR just made more money in the last several weeks on their bitcoin investment than they have made in the last 3.5 years from business operations.
Check it out:
They have earned roughly $78 million over the course of the last 3.5 years of business operations.
So, not only did they make $100 million dollars, but they made more than they have made from the last 3.5 years of business operations, combined.
Moral of the story?
If you are a struggling business out there sitting on loads of cash, don't invest it in your business, no, go ahead and buy bitcoin with it.
It's the fastest path to prosperity!
I wish I was being sarcastic right now, but in all honesty, with where bitcoin is heading these next 12-18 months, I truly believe this to be the case.
Buckle up, it's going to be a wild ride!
Stay informed my friends.