MicroStrategy’s Saylor Says Its Bitcoin Initiative Has Been A “Tremendous Success”

Based on the figures disclosed by Saylor, the company is sitting on around $1.27 billion in unrealized gains on its Bitcoin holdings based on the firm’s average purchase price of $30,700 per coin.

At the moment this is written, the consensus recommendation for the stock stands at hold and at least two analysts have stopped covering MSTR due to this shift in its core business and fundamentals.

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