Michael Saylor, the CEO of MicroStrategy, announced on X that the company purchased 14,620 BTC at a price of $42,110 per coin. Thanks to this purchase, MicroStrategy now holds more than 189,000 BTC. In this way, the company holds 0.901% of the total Bitcoin supply that will ever be issued (21 million BTC).
MicroStrategy Acquires 14,620 BTC at $42,110, Surpassing 189,000 BTC in Total Holdings
MicroStrategy announced that they are continuing to buy Bitcoin on a regular basis. This time, the company purchased 14,620 BTC at an average price of $42,110 per coin. As per the official announcement made by Michael Saylor, the total purchase amounted to close to $615.7 million.
There is a large number of companies that are purchasing Bitcoin. Bitcoin Treasuries reports that over 40 publicly traded companies from different countries have bought Bitcoin in the past. The largest holders include MicroStrategy with 189,150 BTC, followed by Marathon Digital Holdings with 13,396 BTC and Tesla, with 9,720 BTC. These three companies hold close to 1% of the total Bitcoin supply that will ever be issued.
Companies have a clear interest in Bitcoin. Several firms are purchasing BTC as the institutional world gets more interested in digital currencies. Let’s not forget that the U.S. Securities and Exchange Commission (SEC) could soon announce the approval of the first U.S. Bitcoin Spot exchange-traded fund. If that happens, several institutional investors could get access to Bitcoin for the first time in a regulated environment.
According to CoinGecko, Bitcoin is now being traded at around $43,131 per coin, meaning that MicroStrategy could sell at a profit of around $15 million. Nevertheless, the goal of the company is to continue purchasing BTC and increase their holdings in the long term.