MicroStrategy, the business intelligence firm led by Michael Saylor, has announced a new purchase of bitcoins that has brought its corporate treasury to an impressive figure of 400.000 BTC.
MicroStrategy, the iconic business intelligence firm led by Michael Saylor, has reached a new milestone in its ambitious Bitcoin investment strategy. The company announced a recent acquisition of 15.500 BTC, bringing his total holdings of the cryptocurrency to 402.100 BTC.
At the time of writing this article, the amount of bitcoins held by MicroStrategy maintains a value of more than $38.380 billion dollars.
The company's recent investment in Bitcoin once again reaffirms its commitment to the market-leading cryptocurrency, which has become a strategic asset with great influence on the global financial landscape.
MicroStrategy owns almost 2% of Bitcoin
With the recent acquisition of 15.500 BTC from MicroStrategy, Michael Saylor's company now owns 1,915% of all the Bitcoin that will ever exist on the marketSince it began investing and accumulating Bitcoin in August 2020, MicroStrategy has invested more than $23.400 billion in the cryptocurrency, allowing it to own a sizable portion of the total Bitcoin supply, limited to 21 million units.
This latest purchase was made at an average price of approximately $97.862 per BTC, investing a total of $1.500 billion. However, according to Saylor’s post on X, all of the Bitcoin held by the company has been acquired at an average price of $58.263 per BTC, leaving MicroStrategy with an unrealized gain of nearly $15.000 billion, at the current BTC price.
This aggressive buying approach has led to MicroStrategy becoming the largest corporate holder of BTC, Outperforming other public companies that had entered the crypto market, such as Tesla, Block Inc, Mercadolibre, among others. As institutional interest in Bitcoin continues to grow, MicroStrategy positions itself as a key player, influencing market perception and attracting the attention of other investors to this potential market.
MicroStrategy's influence on Bitcoin's scarcity
MicroStrategy’s impact on the Bitcoin market has become increasingly apparent as the company continues to accumulate large amounts of Bitcoin, contributing to the perception of scarcity of the cryptocurrency, which is already a limited asset due to its protocol.
With nearly 402.000 BTC, representing roughly 1,9% of the total Bitcoin supply, MicroStrategy has not only positioned itself as one of the largest institutional holders of the cryptocurrency, but is also shaping market dynamics by removing a significant portion of Bitcoin from the circulating supply. On several occasions, Saylor has expressed confidence in Bitcoin's potential for appreciation, stating that will hold the cryptocurrency for a long time and has no plans to sell for at least 100 years.
MicroStrategy’s strategy could influence other institutional investors and even political decisions related to the regulation and adoption of Bitcoin as a digital asset. The confidence demonstrated by MicroStrategy could encourage other companies and countries to follow suit, resulting in a widespread increase in interest and investment in cryptocurrencies and digital assets.
Shaping the future of Bitcoin and cryptocurrencies
With over 402.000 BTC in its possession and an approximate value of over $38.380 billion, MicroStrategy has established itself as a true giant in the crypto space. Its strategic approach and ability to attract capital through equity issuances have been instrumental in funding its recurring BTC acquisitions.
The company recently sold $4.600 billion worth of stock, using these funds to continue Strengthening its position in the crypto market.
Market analysts have noted that MicroStrategy has increased its Bitcoin holdings at a rapid pace this year, doubling the amount of bitcoins it held at the beginning of January, from around 190.000 BTC. Other publicly traded companies have also followed MicroStrategy's lead, doubling their bitcoin holdings this year.
