MicroStrategy, formerly known as MicroStrategy, has become the largest corporate holder of Bitcoin, owning nearly 499,096 BTC. This has prompted discussions about transparency and the company's reporting methods.
How Much Bitcoin Does MicroStrategy Hold?
As of March 2025, MicroStrategy holds approximately 499,096 bitcoins, amounting to an investment of about $33.1 billion. The average purchase price was around $66,357 per bitcoin, including fees and expenses. As of this writing, bitcoins are trading at around $104,796, translating to unrealized profits of about $19.2 billion.
What Is Proof of Reserves and Why Does It Matter?
Proof of Reserves (PoR) is a method used by cryptocurrency exchanges to demonstrate custodianship of customer funds. This can include publishing wallet addresses or cryptographic attestations. The necessity of PoR has increased in light of recent failures of crypto exchanges such as FTX.
Analysts and Experts' Opinions
Some experts support Michael Saylor's position that public companies should adhere to certain transparency standards. However, not everyone agrees. One analyst remarked, 'Saylor is hiding something or doesn’t understand the basics of Bitcoin. Proof of Reserves would boost investor trust.' Thus, public sentiment is divided, while MicroStrategy prefers to be transparent through SEC-mandated filings.
MicroStrategy remains a corporate embodiment of commitment to Bitcoin. Despite accumulating such assets, questions of transparency continue to linger. By utilizing SEC reports, the company manages risks while demonstrating its financial solidity.
