MicroStrategy, a U.S. corporate software company known for buying Bitcoin in large quantities, recently revealed profits from the surge in Bitcoin.
Michael Saylor, the co-founder of the company, told CNBC, a U.S. economic media outlet, on the 23rd local time, that MicroStrategy's Bitcoin valuation has increased by $5.4 billion and about 7.5 trillion won in our money over the past two weeks.
Chairman Saylor showed off his huge return, saying, "500 million dollars a day," and making 700 billion won in our money.
Chairman Saylor began buying Bitcoin in 2020 as a means of dispersing inflation risk and reportedly held more than 331,000 Bitcoin after buying more than 50,000 Bitcoin even after former President Donald Trump's election.
The company's stock price has also soared due to the surge in Bitcoin, and its stock price, which was $63 at the end of last year, has jumped about 600% this year alone, closing at $421 as of the 22nd.
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