Michael Saylor-owned data intelligence firm MicroStrategy Inc MSTR, which currently holds the largest number of Bitcoin BTC/USD could have been more profitable if they had invested in Ethereum ETH/USD, 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.
It should be noted that MicroStrategy’s portfolio has grown to 140,000 BTC after its latest acquisition of 1,045 BTC in April but has since declined in value by 14% to $3.631 billion, down from the initial purchase price of $4.206 billion.
The creator of the data set, Holger from blockchaincenter.net, a self-proclaimed “data nerd,” said he collected these metrics and painted an entirely different picture of what might have been for Microstrategy.
See More: Everything You Need to Know About Ethereum
If Microstrategy had invested the money in ETH at different points, it would now be holding 3,681,627 ETH and its portfolio would be valued at $6.461 billion, yielding a 54% increase against BTC. Compared with a 14% loss from its BTC investment, investing in ETH would have brought a profit of $2.255 billion to the company.
By staking its Ether stash, the firm could have also potentially earned an additional 326,225 ether, bringing in a staking profit of about $572.5 million annually at an annual percentage rate (APR) of 4%.
Why It Matters: Holger’s data also reveals that if Microstrategy were to trade its BTC for ETH today, the company would receive 2,069,232 ETH as per today’s exchange rates. This ETH portfolio would generate an estimated $182 million annually from staking.
Despite the compelling data, Saylor holds BTC in the highest esteem as can be seen from his tweets, making switching to ETH highly unlikely.
Price Action: At the time of writing, SHIB was trading at $0.000006736, up 3.14% in the last 24 hours, according to Benzinga Pro.
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