MicroStrategy Could Be Up $1.5B If It Had Bought Ethereum Instead
If Microstrategy had chosen to invest in Ethereum instead of Bitcoin things might have worked out differently.
This Blockchain Center has provided a comparison page for Microstrategy crypto investment it has used the Bitcoin purchases the firm made and overlaid them with what would have happened if they had been Ethereum instead.
The software firm RightNow holds 130,000 BTC and is the biggest crypto holder. that investment which began in August 2020 with a quarter of a billion dollar buy is worth $2.63 billion right now.
Microstrategy is down $1.34 billion on its cumulative investment as per the comparison site it would be up $1.47 billion if it had bought Ethereum instead.
Someone made a website to track what MSTR would have made if they longed ETH instead of BTC and it turns out they would be up $1.47 billion instead of down -$1.35 billion lmaooo pic.twitter.com/CKOqLLPKog— Eric Wall X (@ercwl) November 4, 2022
Furthermore, MicroStrategy had loaded up on ETH at the same time it did with BTC it would currently have 3.54 million ETH which would be worth approx $5.45 billion about twice as much as its BTC holding value.
This does not include earnings from staking with ETH staking included MicroStrategy would have earned an extra 239,690 ETH worth around $370 million.
Swapping its BTC holdings for ETH now would convert to 1.7 million ETH. Staking this would earn the company $132 million.
Ethereum fundamentals continue to strengthen and there are three main reasons that it has outperformed Bitcoin over the past month.
There is no selling pressure from miners since it is now a Proof-of-stake consensus. according to the tracker, it is now deflationary with supply growth at 0.09% per year. Network energy consumption has dropped by -0.09% per year, network energy consumption has decreased by 99.9% this makes the asset much more appealing to ESG-conscious corporates and institutions.
ETH has increased by 20.6%, and BTC has only managed by 6.8% over the same 14 days.
The live Ethereum price today is $1,574.51 with a 24-hour trading volume of $13,547,363,432.Ethereum is up 1.73% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $192,678,364,678. It has a circulating supply of 122,373,863 ETH coins.
Ethereum Price Statistics ETH Price Change in 24 hours is +$32.35 of 2.06%, ETH 24h low is $1,526.73 and 24h High is $1,574.51 with 18.79% Market Dominance.
ETH's 7-day low is $1,493.87 and its 7-day High is $1,652.38 with 55504.42% Ethereum ROI.