Strategy, led by Michael Saylor, has boosted its Bitcoin holdings to 632,457 BTC. This enables it to become the first corporation to reach the 3% threshold of the total Bitcoin supply.
Strategy's Bitcoin Holdings
According to data, Strategy (MSTR) acquired 632,457 BTC at an average price of $73,527 per Bitcoin. As a result, its share comprises 3.012% of the total supply of 21 million Bitcoin, as reported by the Bitcoin Treasuries tracker.
Comparison with Competitors
Strategy manages Bitcoin assets worth approximately $70.4 billion, accounting for 72.2% of its market capitalization. In comparison, Marathon Holdings (MARA), Strategy's closest competitor, holds only a fraction of this amount.
Bitcoin Price Outlook
Currently, Bitcoin trades at $112,236, down 2% in the last 24 hours. Analysts are postulating potential further growth based on previous cycles when peaks in 2017 and 2021 were reached 2-3 months after similar positions in the cycle.
With its increasing Bitcoin assets, Strategy sets new standards in corporate cryptocurrency ownership, affirming its position as a market leader.