Michael Saylor's Bitcoin Treasury Secures Nearly $1 Billion in Profit

The world's largest Bitcoin treasury firm, chaired by Michael Saylor, Strategy is winning on its consistent Bitcoin bets even at a time when the broader crypto market continues to struggle amid prolonged volatility. While the firm had just added another 811 BTC worth about $65.5 million to its fast-expanding Bitcoin stash during a market dip in the final week of October, it has further tilted its holdings a little higher. Latest data from Arkham Intelligence shows that Strategy's unrealized profits are rapidly approaching a $1 billion milestone, especially after its latest $65 million Bitcoin purchase during the last week. While the recent purchase has brought the company's total holdings to 849,327 BTC, worth about $65.9 billion, up from the 848,516 BTC it held the previous week, Strategy's Bitcoin holdings are…

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