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#microstrategy

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Also in attendance…was #MicroStrategy founder #MichaelSaylor, wearing his trademark orange bow tie, a nod to #bitcoin…, #Ripple CEO #BradGarlinghouse & top execs at #Coinbase, including global #policy head #FaryarShirzad….

The #Winklevoss twins chatted w/Chris Dixon of #AndreessenHorowitz & his colleague, Sriram Krishnan, who left his role…at the firm to join #DavidSacks’ task force. #BoHines, #Trump’s choice to lead the Presidential Council of Advisers for #DigitalAssets, was also present.…

Large Bitcoin holders have been major benefactors of the asset’s recent rally to a new all-time high above $90,000.
Firms like #MicroStrategy and #Tesla and countries like #ElSalvador and #Bhutan sit on multi-million dollar unrealized gains at the current Bitcoin price.
MicroStrategy’s Portfolio Up 108%
The self-acclaimed Bitcoin development company has been one of the major beneficiaries of Bitcoin’s upsurge.
Data from the Saylor tracker shows that MicroStrategy’s Bitcoin stash is now worth $24.96 billion.
thecryptobasic.com/2024/11/12/

The Crypto Basic - Bitcoin, Cryptocurrency, DeFi Topics And News · MicroStrategy’s Bitcoin Holdings Now Worth $24.9B, Tesla $1B, El Salvador $550M, and Bhutan $1.1BMicroStrategy, Tesla, and other major public entities record substantial gains on their stashes following Bitcoin’s price explosion past $88,000.

> This week witnessed a very important piece of news for #Bitcoin. #MicroStrategy, a billion dollar publicly traded firm, has announced that it purchased 21,454 bitcoins, worth around $250m, to hold as a cash asset on its balance sheet. This makes it the first publicly traded company to hold bitcoin in its cash balance, and the first company to hold bitcoin as cash in spite of having no operational or business reason for holding bitcoin.