Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
Let's look at the profit they've made so far
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.
Now, let's assume they decided to sell everything off at the current market price range of about $60,000.
Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.
That wound amount to:
$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.
Subtract: The Investment capital from the current value
$7,270,000,000 - $3,570,000,000
Total Profit so far: = 3.7 Billion.
Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.
Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.
Maybe consider too the volume of liquidity on exchange orderbook. Its very impossible for them to sell-off on a single price without triggering the exchange bot to sell-off too as a reaction to there sell pressure. We are talking about a 100K Bitcoin here and we all know how volatile the market is. Maybe you should assume a much lower value to the current price if you want to assume a more realistic profit for them.
Even CZ become the richest person in the world if we consider that crypto market is not volatile tho.
