MicroStrategy’s Bitcoin Portfolio Swells by 12,333 Coins to 0.726% of Total Supply

MicroStrategy, the business intelligence software firm known for holding the largest amount of bitcoin among public companies, continues to enhance its aggressive acquisition strategy. It recently invested an additional $347 million to purchase 12,333 bitcoins, averaging $28,136 per bitcoin. This latest addition has swelled the company’s total Bitcoin holdings to a staggering 152,333, which were bought at an average price of $29,668 per bitcoin. Given the total number of bitcoins ever available is capped at 21 million, MicroStrategy now possesses about 0.726% of the overall supply.

MicroStrategy started its bitcoin journey in August 2020 and has consistently amplified its bitcoin portfolio since then. Despite offloading some holdings for tax loss purposes in December 2022, the company quickly rebounded by buying an additional 2,500 bitcoins, reinforcing its considerable stake. It’s worth mentioning that the company’s holdings amount to roughly 0.726% of the total 21 million bitcoins to ever be in existence.

Along with its persistent pursuit of bitcoin accumulation, MicroStrategy has also unveiled plans to employ Lightning for enterprise infrastructure services and content monetization solutions. Michael Saylor, the company’s chairman, has been energetically leading the drive to promote Bitcoin adoption and development.

MicroStrategy’s recent purchase reemphasizes the company’s faith in the enduring potential of the digital currency. Their most recent acquisition surpasses the entire bitcoin holdings of Marathon, the only other company with a substantial bitcoin reserve compared to MicroStrategy. It’s evident that MicroStrategy’s aggressive acquisition strategy places it at the forefront of the corporate bitcoin landscape, commanding a significant portion of the finite supply.