Michael Saylor: Funds from upgrading to a new iPhone invested in Bitcoin, with cumulative profits reaching $242 million

ChainCatcher news, Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor retweeted on the X platform that if instead of purchasing an iPhone every time a new model is released, one were to buy Bitcoin for the same price, the current profit could reach $242 million. The BTC price of the iPhone has been used by the crypto community as a benchmark to measure Bitcoin's purchasing power, allowing investors to understand the value proposition of cryptocurrency by comparing the Bitcoin prices of iPhones from previous years.