Companies and Countries Benefiting from the Recent Bitcoin Surge Back in the Spotlight

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Companies and Countries Benefiting from the Recent Bitcoin Surge Back in the Spotlight

As Bitcoin approaches record prices near $90,000, significant gains have been reported by major investors such as MicroStrategy, Tesla, El Salvador, and Bhutan. The Bitcoin portfolios of these publicly traded companies and countries have reached millions of dollars in unrealized profits as the asset price peaks.

MicroStrategy (MSTR) has emerged as the company benefiting the most from this increase in Bitcoin's value, with its BTC portfolio reaching $24.96 billion after a 108% rise. Co-founded by Michael Saylor, the company currently holds 279,420 BTC at an average cost of $42,888. With $12.97 billion in unrealized profits, MicroStrategy emphasizes its view of Bitcoin as a long-term investment and plans not to sell.

Tesla and SpaceX are other companies profiting from Bitcoin investment. Tesla (TSLA), one of the largest publicly traded companies holding Bitcoin, has a portfolio of 11,509 BTC, exceeding a market value of $1 billion. Recently, Tesla moved its Bitcoin assets to a new wallet, leading to speculation about a sale; however, this move indicates that Tesla intends to hold onto its current assets.

Elon Musk's other company, SpaceX, holds Bitcoin valued at $725.4 million, bringing the total BTC portfolio of the two companies to $1.73 billion.

Countries with the most Bitcoin holdings include El Salvador, the first nation to recognize Bitcoin as legal tender, which has increased its daily Bitcoin purchases since the beginning of this year, now holding 6,154 BTC. This has resulted in a portfolio value of $502 million for the country's treasury, nearly doubling the value of its Bitcoin investments.

Another country investing in Bitcoin is Bhutan. With its Bitcoin mining operations, the Asian nation’s assets have exceeded $1.1 billion, earning it the title of the fourth largest country holding Bitcoin. Initially possessing 13,036 BTC valued at $770 million, Bhutan has seen this value increase due to price rises. It stands out as one of the official governments holding Bitcoin.

The German government, on the other hand, adopted a different strategy. In the summer, German authorities sold BTC obtained from operations against illegal activities. In this context, they sold approximately 50,000 BTC at an average price of $54,000, generating $2.7 billion in profit.

Considering Bitcoin's current market prices, this portfolio size would now be worth $4.43 billion. If German government officials had decided to hold onto their BTC assets, they would have gained approximately $1.73 billion more.