If Michael Saylor's MicroStrategy was buying ETH in same batches instead of BTC they would be up around $1.6 billion ($2.2 billion with staking) on their investment, instead of $340 million down

Of course this does not mean much since Michael Saylor and his company are in it for the long term, but it was still an interesting figure that I saw when someone on Twitter posted a site that tracks and calculates this down (blockchain center), so it's basically just a fun 'what if' scenario, nothing bigger than that.

So basically MicroStrategy has already invested around 4.7 billion USD into Bitcoin, with an average purchase price of around $29.5k per Bitcoin meaning Microstrategy is down around 7% on their investment aka their investment at these given prices right now is worth around 4.37 billion USD.

Blockchaincenter's chart

Interesting 'what if' is what if Saylor's company instead of Bitcoin was instead Ethereum maxis and decided to invest into the second largest cryptocurrency in same batches. Well basically they would right now have Ethereum that would be worth around 6.32 billion USD meaning they would be up 34% on their investment, and that is without including staking rewards if they decided to stake that ETH.

So interesting part would also be potential staking. If Microstrategy was also staking all of that accumulated Ethereum from the moment they bought them they would have earned around 377 thousand ETH just from staking (at 4% staking APY) which is currently worth around $601 million. So if we would count staking, their ETH would be worth more than $6.9 billion, meaning they would be more than $2.2 billion currently up on their investment.

And again, this is just a fun 'what if' scenario that shows a potentially different perspective on how Microstrategy could have performed by now if they placed the same strategy on Ethereum instead of Bitcoin with exact same timings and investment amounts.