Michael Saylor’s Strategy Yields $1.36B Bitcoin Profit as BTC Surges Past $87K

Michael Saylor, chairman and founder of Bitcoin-focused firm MicroStrategy, revealed via X on April 2 that the company’s Bitcoin treasury operations have generated a profit of 15,586 BTC. The recent market uptrend has pushed Bitcoin past $87,000, delivering $1.36 billion in gains for the company over the past week alone.

Despite enduring a bearish trend in recent weeks, MicroStrategy maintained its aggressive Bitcoin accumulation strategy. The company's long-term commitment appears to be paying off as market momentum shifts in favor of bulls. As of press time, Bitcoin is trading at $86,477.36, marking a 2.04% increase in the last 24 hours, according to CoinMarketCap.

Saylor’s post came just hours after he hinted at further Bitcoin acquisitions, reiterating his bullish stance with a simple message to the crypto community: “The only thing better than Bitcoin is more Bitcoin.” This statement aligns with MicroStrategy’s broader strategy of using its balance sheet to acquire BTC, a move that has drawn significant attention from both retail and institutional investors.

Earlier this month, MicroStrategy announced plans to issue up to $21 billion in 8.00% Series A Perpetual Preferred Stock. The goal is to raise capital for additional Bitcoin purchases, reinforcing the company’s belief in Bitcoin as a superior store of value.

The firm’s latest gains and forward-looking investment plans have reignited investor confidence and sparked renewed interest in Bitcoin. With BTC continuing to show bullish momentum, MicroStrategy’s treasury operations could yield even greater returns, cementing its position as a leading institutional Bitcoin holder.