
MicroStrategy becomes profitable on Bitcoin bet as BTC surges past $30k
MicroStrategy is sitting on over $30 million in unrealized profits from its Bitcoin investment.
Follow crypto investment news, capital flows, venture activity, institutional strategies, and portfolio moves across digital assets.

The company's latest filing follows an ETF application from BlackRock.

Some institutional investors are indicating a bullish sentiment toward Bitcoin in the wake of recent SEC enforcement actions.

The NYAG released the documents under a Freedom of Information Law (FOIL) request made by CoinDesk after Tether dropped its opposition to the requests.

Bitwise's last ETF application and proposed rule change was rejected in July 2022.

The spot ETF, named iShares Bitcoin Trust, aims to reflect the performance of the price of Bitcoin.

The world's largest asset manager may be attempting to succeed where all else have failed.



