that is 1 billion dollars profits at the present Bitcoin price.
That's only on the paper. As people said, unrealized profit.
1 BTC = 1 BTC. As long as they don't sell, there's no actual profit to talk about.
Nice bullish (for newbies) news though
Well, if you turned the table round, I think you'll see it as a profit either way. If they choose to sell, they'll make out their cash and wait for the next bearish season so they'll increase what they bag. That's a profit, except that they said they won't be selling any of their holdings which we cannot vouch for.
