In a recent tweet poll, Michael Saylor, the former CEO of MicroStrategy and a prominent figure in the crypto space, sought insights into the sentiments of Bitcoin investors regarding potential sell-offs. The poll asked participants to specify the price point at which they would contemplate selling some of their Bitcoin holdings.
How high will $BTC need to rise before you would consider selling a small portion of your #Bitcoin?
— Michael Saylor⚡️ (@saylor) December 6, 2023
As of the latest update, the poll results indicate a diverse range of perspectives:
- $100,000: 30.1%
- $250,000: 18.8%
- $500,000: 14.3%
- $1,000,000 to Never: 36.8%
These responses reflect that a significant portion of participants expressed a long-term commitment to holding their Bitcoin regardless of price fluctuations. 30% of respondents voted to sell a portion when the price hits $100,000. However, 36.8% voted for $1,000,000 to never.
Michael Saylor’s post comes when MicroStrategy’s Bitcoin holdings are experiencing substantial, unrealized profits. According to the Saylor tracker, MicroStrategy’s Bitcoin holdings currently boast an unrealized profit of approximately 44.68%, equivalent to $2,379,492,041.
MicroStrategy’s significant Bitcoin portfolio comprises 174,530 BTC, valued at $7.7 billion. Saylor’s total cost of acquiring these Bitcoin amounts to $5,325,400,000.
The latest addition to MicroStrategy’s Bitcoin stash occurred on November 30, 2023, with the acquisition of 16,130 BTC for $593,300,000. Presently, the value of this recent purchase stands at $710,308,745, resulting in an unrealized profit of $117,008,745, equivalent to 19.72%.
The surge in unrealized profit of the company’s Bitcoin holdings is all thanks to the recent surge of Bitcoin past $44,000. According to CoinMarketCap data, BTC is up from a 24-hour low of $43,450.34 and down from a 24-hour high of $44,400.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
