News and Analytics

0

MicroStrategy Expands Bitcoin Holdings with New Purchase

Sep 21, 2024
  1. How Many Bitcoins Were Acquired in the Latest Purchase?
  2. What is the Current Status of MicroStrategy’s Bitcoin Holdings?
  3. Market Position of MicroStrategy

MicroStrategy, a prominent name in institutional investing, has bolstered its Bitcoin reserves with an additional purchase amounting to $458.2 million.

How Many Bitcoins Were Acquired in the Latest Purchase?

The company procured 7,420 Bitcoins at an average cost of $61,750 each. Michael Saylor, the founder and chairman, disclosed these details, highlighting the continued confidence in Bitcoin’s performance.

What is the Current Status of MicroStrategy’s Bitcoin Holdings?

MicroStrategy’s total Bitcoin holdings have now reached an impressive 252,220. The firm has invested approximately $9.9 billion in Bitcoin, securing these at an average price of $39,266. Presently, with Bitcoin trading at around $62,945, MicroStrategy’s Bitcoin value surpasses $15.8 billion.

Market Position of MicroStrategy

While Marathon Digital Holdings ranks second in terms of institutional Bitcoin ownership with 26,200 Bitcoins worth about $1.6 billion, it remains well behind MicroStrategy. The latter’s robust acquisition strategy has resulted in a significant boost in its stock prices, with shares surging over 360% within the past year.

MicroStrategy’s proactive moves, including a 10-for-1 stock split announced earlier this year, are designed to enhance accessibility for investors and employees. As Bitcoin’s price has rebounded approximately 20% since September 2024, MicroStrategy’s dedication to Bitcoin continues to captivate the cryptocurrency market.

Comments

Latest analytics

How Artificial...

How Artificial Intelligence on Superintelligence.io is...

XLINK and its Role...

XLINK and its Role in the Blockchain Ecosystem

Show more

Latest Dapp Articles

Show more

You may also like