MicroStrategy and the Kingdom of Bhutan continue to grow their Bitcoin holdings amid rising cryptocurrency prices.
MicroStrategy Boosts Bitcoin Holdings
MicroStrategy, the largest corporate holder of Bitcoin, has announced that its Bitcoin investments have reached a value of $20.54 billion, buoyed by the recent rise in Bitcoin's price to $81,617. The company acquired 252,200 Bitcoins at an average cost of $39,292 each, yielding over 104% in returns. MicroStrategy plans to raise $42 billion to fund further acquisitions under its '21/21' plan, consisting of $21 billion in equity and $21 billion in fixed-income securities.
Bhutan Makes Significant Bitcoin Investments
Bhutan, having increased its Bitcoin assets, now holds over $1 billion in the cryptocurrency. The country is using Bitcoin as a strategic reserve and actively developing its cryptocurrency mining infrastructure. Bitcoin accounts for a significant portion of Bhutan's gross domestic product, making up 32% of its $3.15 billion GDP.
El Salvador's Bitcoin Investment Strategy
El Salvador continues its Bitcoin investment strategy despite fluctuations in cryptocurrency value. The country currently holds 5,930 Bitcoins valued at over $482 million, with unrealized profits of $214 million. El Salvador pursues a strategy of dollar-cost averaging by purchasing one Bitcoin a day.
Bitcoin assets are becoming a significant part of investment strategies for various countries and companies amid a growing cryptocurrency market.
