The value of the Bitcoin investment of the analysis software provider has jumped by nearly $100 million over the past two months. In August and September, the company invested $425 million in the reference crypto. Now, the value of the investment has exceeded $523M, according to Bitcoin Treasuries.
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Analyst Kevin Rooke has pointed out MicroStrategy's net profits over the last 3 and a half years only amount to $78 million, while the profit from investments in Bitcoin has hit $100 million in just 2 and a half months. Since the company made its first BTC investment, the company's market cap has increased by 29.4% to $1.7 billion.
MicroStrategy, which is listed on the NASDAQ under the ticker MSTR, bought 21,454 BTCs in early August (about $250 million when the transaction was made).
Later, on September 14, the company purchased an additional 16,796 BTCs for $175 million. As a result of these transactions, MicroStrategy's total investment in the reference crypto amounts to $425 million, including commissions and expenses.