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HomeCrypto NewsMarketMicroStrategy's Bitcoin Holdings Now Worth $24.9B, Tesla $1B, El Salvador $550M, and Bhutan $1.1B

MicroStrategy’s Bitcoin Holdings Now Worth $24.9B, Tesla $1B, El Salvador $550M, and Bhutan $1.1B

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MicroStrategy, Tesla, and other major public entities record substantial gains on their stashes following Bitcoin’s price explosion past $88,000.

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 El Salvador 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.

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Notably, the Michael Saylor co-founded software firm spent $11.98 billion to acquire its 279,420 BTC stash at an average price of $42,888. However, its Bitcoin portfolio has grown by over 108%, providing a staggering $12.97 billion unrealized gain.

Meanwhile, MicroStrategy is not selling its Bitcoin anytime, as Saylor stated they would keep buying Bitcoin forever. The firm bought 27,200 BTC with $2 billion yesterday and intends to become a Bitcoin bank ultimately.

Tesla’s Bitcoin Stash Exceeds $1B

Elon Musk’s Tesla spent $1.5 billion to acquire Bitcoin in February 2021, becoming the public firm with the largest Bitcoin holding at the time. Although the firm had sold 85% of the acquired stash, its 11,509 BTC stash has surpassed the $1 billion valuation.

Notably, when Tesla moved its Bitcoin portfolio to a new wallet almost a month ago, it was worth $773 million. The shuffle sparked selling speculations, but the electric car firm has held on to its stash, benefiting from the decision with a $258 million growth.

Elon Must, another company, SpaceX, holds $725.4M in Bitcoin. In total, Elon Musk’s Tesla and SpaceX now have $1.73B in Bitcoin.

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El Salvador’s Bitcoin Portfolio Doubles in Value

Being the first country to adopt Bitcoin as a legal tender, El Salvador drew global attention to its small coast, populated by just 6.3 million people. The country has given itself to periodically acquiring Bitcoin until its pro-crypto President Nayib Bukere decided they would buy 1 BTC a day on March 16.

El Salvador’s portfolio tracker shows it has acquired 6,154 BTC since then at an average price of $44,324. Meanwhile, the stash is now worth $502 million, with 99.32% of its valuation ($136 million) an unrealized profit.

Bhutan’s Bitcoin Stash Crosses $1.1B

The small Asian country, which acquired Bitcoin through its mining activities, now holds over $1 billion worth of the crypto firstborn. When its stash went public two months ago, Bhutan’s Druk Holdings held 13,036 BTC, worth $770 million.

However, Bitcoin’s explosion past $88,000 has ensured that Bhutan’s 12,574 BTC has a valuation of $1.1 billion despite selling 935 BTC in October. Notably, Bhutan is the fourth-largest Bitcoin-holding government and the second to officially hold the asset.

Meanwhile, the German government missed out on a $1.7 billion profit by selling its stash a few months back. The Germans sold 50,000 BTC seized from Movie2K.to, a film piracy firm, at an average price of $54,000, realizing $2.7 billion.

At the current market price of $88,637, the 50,000 bitcoins would be worth $4.43 billion. Although the $2.7 billion was substantial in the contest that it realized the stash from seizure, the Germans would have had an extra $1.73 billion if it had waited till now.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

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