Bitcoin’s Rally Means All of Strategy’s Purchases Are Profitable

The mini rally in Bitcoin over the past few trading sessions has made every purchase of the cryptocurrency by Michael Saylor’s Strategy over the last four plus years profitable.

The former MicroStrategy Inc. announced earlier Monday that it had acquired an additional 1,045 tokens for $110.2 million from June 2 to June 8, or for an average price of $105,426 each. Bitcoin was up about 1.7% to $108,022 as of 12:39 p.m. in New York, and has climbed around 7.5% since June 5.