Michael Saylor's Strategy is sitting on over $23 billion in paper profits

Bitcoin surged past $110,000 for the first time on record, boosting the company's holdings to $63 billion.

As Bitcoin (BTC) price hit a new all-time high (ATH) of over $110,000, boosting its holdings to $63 billion, charting service Benzinga Pro revealed that MicroStrategy (NASDAQ:COIN) is now sitting on over $23 billion in paper profits.

According to Bitcoin Treasuries data, Strategy has amassed 576,230 BTC at an average cost of $69,749 per coin, giving the firm control of nearly 2.8% of all Bitcoin in existence.

Strategy’s unrealized gains have soared incrementally as Bitcoin reached a new peak of $110,797 on Binance Wednesday, surpassing its previous January high of $109,588. At the time of writing, the leading crypto asset was trading around $109,600, up approximately 3% over the past 24 hours.

It’s not just Strategy that is benefitting from Bitcoin’s meteoric rise. Governments and early corporate adopters are also seeing substantial gains.

El Salvador, the first country to adopt Bitcoin as its legal tender, has seen over $386 million in unrealized profits, as shared by President Nayib Bukele. Despite facing international criticism and constraints tied to an IMF agreement, El Salvador has continued to expand its Bitcoin holdings. The nation’s BTC portfolio is now valued at approximately $677 million.

They said, "Don't take screenshots, take profits" ??‍♂️ https://t.co/dEKP5Y4qzc pic.twitter.com/2lx8sPWBSJ

— Nayib Bukele (@nayibbukele) May 22, 2025

Earlier this month, President Trump signaled progress with China, followed by a joint agreement to temporarily lower bilateral tariffs. The move opened a 90-day window for renewed negotiations aimed at de-escalating the trade dispute.

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