MicroStrategy Acquires Over 500,000 BTC
Strategy (formerly MicroStrategy) has expanded its Bitcoin holdings past 500,000 BTC following its latest acquisition.
Latest Acquisition Details
- In a March 24 filing with the US Securities and Exchange Commission (SEC), the company disclosed the purchase of 6,911 BTC for approximately $584.1 million.
- The average price per BTC was $84,529.
Total Bitcoin Holdings
- The new addition brings MicroStrategy’s total stash to 506,137 BTC.
- The company has spent approximately $33.7 billion on its Bitcoin investments.
- The average cost per coin stands at $66,608.
- The firm holds an unrealized profit estimated at over $10 billion based on current market prices.
Position in the Market
- MicroStrategy is now the largest corporate holder of Bitcoin, representing approximately 2.55% of the 19.8 million BTC currently in circulation.
Comparison with Other Holders
- MicroStrategy owns Bitcoin equal to nearly half the amount held by all 12 US spot Bitcoin exchange-traded funds.
- The firm’s holdings are also equivalent to almost half the amount believed to be owned by Bitcoin’s mysterious creator, Satoshi Nakamoto.
