Strategy’s Bitcoin Holdings Swing From $9.5B Loss to $4.7B Profit in One Week

Michael Saylor’s Strategy swung to more than $4.7 billion in profit on its Bitcoin holdings after the cryptocurrency climbed 22.5% over one week to $78,981, according to blockchain analytics platform Lookonchain.

The company had been sitting on a loss exceeding $9.5 billion a week earlier, Lookonchain said, putting the change in the value of its Bitcoin position at more than $14.2 billion over the period.

Source: Lookonchain