Bitcoin’s growth brought MicroStrategy $ 10 billion in profit for the week

Amid the rapid growth of the cryptocurrency Bitcoin BTC $90,629.06 Bitcoin -0.16% Market capitalization $1.79 trillion VOL. 24 hours $2.03 billion , which has been taking place since November 5, the day of the US presidential election.

As you know, over the past 24 hours, Bitcoin has added another 2.1% to its value, so companies with large BTC holdings, including MicroStrategy, have benefited the most from this growth.

It should be added that the bitcoin market showed significant growth overnight on November 12, with the total capitalization increasing by 7.36% per day, reaching $ 3 trillion. Trading volumes also jumped by 33.24% to $ 304.65 billion. The Fear & Greed index rose to 87, indicating a state of «extreme greed» among investors.

At the time of writing, the bitcoin rate reached $ 89.287, the market capitalization is $ 1.77 trillion, and daily sales stopped at $ 138.42 billion.

MicroStrategy, which holds the largest Bitcoin reserves among public companies, is known to benefit significantly from this rise. The company has 252,220 BTC, which is currently valued at approximately $ 20.48 billion. Given that the average purchase price of a Bitcoin for MicroStrategy is $ 39,266, the company has an unrealized profit of about $ 10.55 billion.

In addition to MicroStrategy, other companies with large Bitcoin holdings include:

• Bitcoin Group SE (3,830 BTC);
• Marathon Digital Holdings Inc (25,945 BTC);
• Riot Platform Inc (10,019 BTC);
• Tesla Inc (9,720 BTC);
• Hunt 8 Corp (9,109 BTC);
• Coinbase Global Inc (9,000 BTC);
• CleanSpark Inc (8,701 BTC);
• Block Inc (8,211 BTC);
• Galaxy Digital Holdings (8,100 BTC).

Earlier it was reported that Bitcoin reached a new all-time high of $ 89,604.50.