Michael Saylor-owned data intelligence firm MicroStrategy Inc (NASDAQ:MSTR), which currently holds the largest number of Bitcoin (CRYPTO: BTC) could have been more profitable if they had invested in Ethereum (CRYPTO: ETH), data from a statistics platform shows.
What Happened: According to archived statistics on blockchaincenter.net, Microstrategy’s portfolio could have been more profitable if it had invested in ETH instead of BTC.
Software developer MicroStrategy (MSTR) purchased nearly $150 million worth of Bitcoin (BTC) between Aug.1 and Sept.24, it said in a Monday regulatory filing.
“MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses,” the company said ...