If MicroStrategy invested in Ethereum over Bitcoin, What would be its Valuation?
It’s a known fact that MicroStrategy’s founder, Michael Saylor, is a Bitcoin proponent. With over 130k BTC, the Business Intelligence firm is currently the largest Bitcoin institutional investor. Interestingly, the company has bought BTC during—both—the bullish and bearish phases of the market. What if MicroStrategy invested in Ethereum instead of Bitcoin? The Blockchain Center has a dashboard comparing MicroStrategy’s ‘actual’ and ‘what if’ crypto investments . Per data from the same, its current 130k BTC HODLings is currently worth $ 2.679 billion. However, if it had invested in Ethereum, the firm would be owning around 3.5 million tokens worth $5.596 billion. Resultantly, instead of being down by $1.304 billion USD, MSTR would be up by $1.614 billion with ETH . Source: Blockchain Center Alongside, the company could have staked ETH to earn an additional 240K tokens by now worth $370 million . In fact, if Saylor traded his BTC stash for ETH no...