MicroStrategy Significantly Increases Bitcoin Holdings, Now Owning Over 3% of Total Supply
MicroStrategy Significantly Increases Bitcoin Holdings, Now Owning Over 3% of Total Supply
Michael Saylor's MicroStrategy has made another substantial acquisition, purchasing an additional 8,178 bitcoin for $836 million. This latest investment elevates MicroStrategy's total holdings to 649,870 BTC, which now accounts for over 3% of the total 21 million bitcoin supply, valued at approximately $62 billion.
MicroStrategy Expands Bitcoin Treasury to 649,870 BTC
In a move signaling continued confidence in digital assets, MicroStrategy, under the leadership of Michael Saylor, has announced a significant expansion of its Bitcoin reserves. The company acquired 8,178 more bitcoin for an estimated $836 million, pushing its total holdings to an impressive 649,870 BTC. This considerable stash now represents more than 3% of Bitcoin's finite supply of 21 million coins, with a current valuation of around $62 billion. This strategic accumulation further solidifies MicroStrategy's position as a major institutional holder of Bitcoin, reinforcing its strategy of using the cryptocurrency as a primary treasury reserve asset.