Rewards Hub MicroStrategy has reported a significant floating profit of $8.395 billion on its Bitcoin holdings. The company recently acquired 2,932 BTC for $264 million, bringing its total holdings to 712,647 BTC, valued at $62.582 billion. The average acquisition cost for MicroStrategy is $76,037 per BTC.
In contrast, Bitmine is experiencing a floating loss of $4.005 billion on its Ethereum investments. The company purchased 40,302 ETH for $121 million last week, increasing its total holdings to 4,243,338 ETH, valued at $12.326 billion. Bitmine's average cost per ETH stands at $3,849, significantly higher than the current market value.
MicroStrategy Reports $8.395 Billion Bitcoin Profit, Bitmine Faces $4.005 Billion Ethereum Loss
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