Enterprise-software provider MicroStrategy’s (NASDAQ:MSTR) bitcoin (BTC-USD) holdings are worth some $10B, based on current prices, sitting on an unrealized profit of nearly 70%.

Earlier this month, Michael Saylor’s MicroStrategy (MSTR) said it held 190K bitcoin on its balance sheet, with a total cost of $5.93B, or $31,224 per token. The company started to invest its cash into BTC in 2020, only to become the biggest corporate holder of the highest-profile cryptocurrency.

This year alone, bitcoin (BTC-USD) has climbed 17.7%, hitting an over two-year high of $52.7K on Thursday. MicroStrategy (MSTR) stock, which gained ~22% so far this year, has a strong relationship with the price of bitcoin, as seen in this chart.

Over the years, the company has raised capital by selling stock and issuing bonds to buy large blocks of bitcoin (BTC-USD), making MSTR a proxy for the digital token.

Bitcoin (BTC-USD) “is novel, digital, global, unique, and uncorrelated to traditional risk assets,” Saylor said in a recent post on X. “That makes it a natural addition to the portfolio of a responsible investor.”