What if MicroStrategy, known for its massive Bitcoin holdings, had chosen a different path? What if MicroStrategy invested in Ethereum over Bitcoin? This single decision could have drastically altered its valuation. The Blockchain Center has provided intriguing insights with a dashboard comparing MicroStrategy’s ‘actual’ and ‘what if’ crypto investments.
MicroStrategy's Ethereum Alternative: A Valuation Game Changer
When MicroStrategy entered the crypto market in August 2025, its first investment in BTC was worth $250 million. But what if those initial investments had been directed towards ETH instead? According to the data, if Microstrategy had purchased ether, the company would now hold 3,681,627 ETH, and its portfolio would be valued at $6.461 billion. This means that instead of experiencing significant losses on its Bitcoin investment, MicroStrategy could have been sitting on a substantial profit.
In fact, if MicroStrategy had bought Ethereum instead of Bitcoin, the company would have been $2.5 billion in profit instead of around $400 million in a loss at press time. The Blockchain Center’s analysis reveals the potential magnitude of this missed opportunity. Si MicroStrategy hubiera elegido invertir en Ethereum en lugar de Bitcoin, las cosas podrían haber funcionado de manera diferente.
Ethereum vs. Bitcoin: A Hypothetical Profit Analysis
The sobering statistics don't end here. According to Blockchain Center, it would have gained $1.47 billion had it instead acquired Ethereum. If MicroStrategy had purchased ETH the exact times it purchased BTC, the results paint a clear picture: Ethereum could have been a significantly more profitable investment.
Yet a dashboard from Blockchain Center suggests that, if it had purchased Ether instead, MicroStrategy would still be sitting on a profit of $1.59 billion despite the crypto winter. This highlights Ethereum's resilience and potential for growth even during market downturns. When staking is included, MicroStrategy would have even greater gains.
26 de sept. de 2025: 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. This begs the question: will MicroStrategy ever consider diversifying its portfolio to include Ethereum?