Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
Let's look at the profit they've made so far
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.
Now, let's assume they decided to sell everything off at the current market price range of about $60,000.
Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.
That wound amount to:
$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.
Subtract: The Investment capital from the current value
$7,270,000,000 - $3,570,000,000
Total Profit so far: = 3.7 Billion.
Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.
Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.
It's actually a rather sad thing for the future of Bitcoin, because the more financial whales that exist like this - the less volatile it is going to become in future because these players are running their own financial games. If more companies like Paypal were to get involved in the market and build their own internal ecosystem, it restricts the amount that are left over - which they will eventually buy up and remove from free circulation potentially forever. Instead of being a driver for innovation, it will become part of a walled garden that is controlled by banks or other institutions, who instead of making use of the blockchain will simply create an interface on top yet still reap transaction fees without moving any bitcoin around.
