Strategy has significantly increased its Bitcoin holdings, surpassing the 500,000 BTC mark, making it the largest corporate holder of the cryptocurrency.
New Bitcoin Acquisitions
On March 24, the company purchased 6,911 BTC for $584.1 million. The average price paid was $84,529 per coin.
Financial Performance
With this latest purchase, Strategy now holds a total of 506,137 BTC. The total investment in Bitcoin amounts to $33.7 billion, with an average cost of $66,608 per coin. The company has an unrealized gain of over $10 billion from its Bitcoin investments.
Market Share
Strategy owns about 2.55% of the total 19.8 million BTC in circulation. For context, the combined holdings of all 12 U.S. spot Bitcoin ETFs amount to around 1.1 million BTC. Strategy's holdings are also nearly half of what Satoshi Nakamoto, Bitcoin's creator, is estimated to own.
Strategy continues to strengthen its position in the Bitcoin market. The equity sale helped fund the strategy, allowing the company to increase its capitalization and maintain a leading position among corporate investors.
