While Bitcoin’s price remains significantly below its weekly highs, Bitcoin bulls like Michael Saylor, chairman of MicroStrategy, continue to boast staggering billion-dollar profits in their Bitcoin portfolios. Data from a tracking portal shows MicroStrategy holds 226,331 BTC tokens, acquired for $8.37 billion over the last four years at an average of $36,990 per token.

At Bitcoin’s current value of $66,282, this Bitcoin investment has yielded a profit of over $6.66 billion, representing an impressive 79% gain over four years. The profit ratio becomes even more remarkable when considering Bitcoin’s recent all-time high of $73,750.

Notably, MicroStrategy has been consistently purchasing Bitcoin almost every month since September 2020, when it first bought 16,797 BTC for $175 million. This initial Bitcoin acquisition is now worth over $1.11 billion, yielding a profit of $938 million, a 535% increase.

However, MicroStrategy has not purchased Bitcoin this month. Its most recent purchase occurred on June 20, when it acquired 11,931 BTC for $786 million after raising $500 million through a private offering of convertible notes. This Bitcoin investment has seen a profit of $4.81 million in just over a month.

The only investments where MicroStrategy is experiencing a loss are from acquisitions made during Bitcoin’s all-time high rally in March. The software company bought 19,245 BTC on March 11 and 19 for $1.44 billion at prices between $67,382 and $68,477. These investments are currently at a loss of over $36 million.

These losses have emerged amidst Bitcoin’s recent price retracement over the past three days, with prices dipping to $65K yesterday.

Notably, during his presentation at the 2024 Bitcoin Conference, Michael Saylor predicted that Bitcoin’s price would reach $13 million per coin by 2045. At this projected price, Bitcoin’s market cap would surpass 12 times the combined market caps of Gold ($16 trillion), Apple ($3.34 trillion), and Microsoft ($3.16 trillion).

Specifically, Bitcoin would have a fully diluted market cap of $273 trillion at $13 million per coin. Interestingly, Saylor considers this price point his average outlook for Bitcoin over the next twenty years. He further noted that, even in a bearish scenario, Bitcoin would be worth $3 million per coin by 2045. In a bullish scenario, he expects Bitcoin to reach a breathtaking $40 million per coin.

Interestingly, at $13 million per BTC, MicroStrategy’s portfolio would be $2,942,303,000,000 (approx. $3 trillion), an investment originally bought with $8 billion.