| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107310.8200000000 |
| ETH | $2434.0770000000 |
| BNB | $648.0019600000 |
| XRP | $2.1829000000 |
| ADA | $0.5650130000 |
| SOL | $150.5301000000 |
| DOGE | $N/A |
| DOT | $3.4037100000 |
| LTC | $86.2075000000 |
| LINK | $13.3566800000 |
Category: CRYPTO NEWS
The post Strategy’s Bitcoin bet sees over $23B in gains as BTC tops record $110K appeared on BitcoinEthereumNews.com. Key Takeaways MicroStrategy’s Bitcoin holdings have reached a value of over $63 billion, reflecting over $23 billion in unrealized gains. Bitcoin’s recent price surge was influenced by many factors, including growing corporate adoption. Michael Saylor’s Strategy is sitting on over $23 billion in paper profits as Bitcoin surged past $110,000 for the first time on record, boosting the company’s holdings to $63 billion. Strategy has amassed 576,230 BTC at an average cost of $69,749 per coin, giving the firm control of nearly 2.8% of all Bitcoin in existence, Bitcoin Treasuries data shows. Strategy’s unrealized gains have soared as Bitcoin hit a new all-time high of $110,797 on Binance Wednesday, surpassing its previous January peak of $109,588. At the time of writing, the leading crypto asset was trading around $109,600, up approximately 3% over the past 24 hours. It’s not just Strategy benefiting from Bitcoin’s meteoric rise. Governments and early corporate adopters are also seeing substantial gains. El Salvador, the first country to adopt Bitcoin as its legal tender, has seen over $386 million in unrealized profits, as shared by President Nayib Bukele in a recent post on X. Despite facing international criticism and constraints tied to an IMF agreement, El Salvador has continued to expand its Bitcoin holdings. The nation’s BTC portfolio is now valued at approximately $677 million. They said, “Don’t take screenshots, take profits” 🤷🏻♂️ https://t.co/dEKP5Y4qzc pic.twitter.com/2lx8sPWBSJ — Nayib Bukele (@nayibbukele) May 22, 2025 Bitcoin’s rally has picked up steam amid easing global trade tensions. Earlier this month, President Trump signaled progress with China, followed by a joint agreement to temporarily lower bilateral tariffs. The move opened a 90-day window for renewed negotiations aimed at de-escalating the trade dispute. These positive developments helped propel Bitcoin above $105,000, setting the stage for further upside momentum. Accelerating institutional investment is…
2025-05-22T02:37:08+00:00