MicroStrategy's Bitcoin Holdings Surge by $5.4 Billion in Two Weeks

MicroStrategy's founder, Michael Saylor, reported that the company's Bitcoin holdings have appreciated by $5.4 billion over the past two weeks, averaging approximately $500 million in gains per day. This significant increase aligns with Bitcoin's recent price surge, which has been influenced by favorable market conditions and regulatory developments.As of September 20, 2024, MicroStrategy held 252,220 bitcoins, acquired at an average price of $39,266 per bitcoin, totalling around $9.9 billion in investment.With Bitcoin's price nearing $100,000, the current value of these holdings has risen substantially, contributing to the reported gains.