MicroStrategy’s Aggressive Bitcoin Acquisition Strategy Secures 0.726% of Total Supply

Microstrategy, the leading public corporation in terms of bitcoin holdings, has once again demonstrated its aggressive bitcoin acquisition strategy. The company recently announced the purchase of an additional 12,333 BTC for approximately $347.0 million, at an average price of $28,136 per bitcoin. This brings MicroStrategy’s total holdings to an impressive 152,333 BTC, acquired at an average price of $29,668 per bitcoin. With a total of 21 million bitcoins in existence, MicroStrategy now controls approximately 0.726% of the total available supply.

This latest move by MicroStrategy further solidifies its position as the largest public corporation holder of bitcoin. MicroStrategy’s journey with bitcoin began in August 2020 and despite selling some of its holdings for tax loss harvesting in December 2022, the company has steadily increased its bitcoin accumulation. In fact, shortly after the sale, Microstrategy acquired an additional 2,500 bitcoins, further adding to its already significant holdings. With its current holdings, MicroStrategy now controls approximately 0.726% of the total 21 million bitcoins that will ever be mined.

In addition to its ongoing accumulation of bitcoin, MicroStrategy recently revealed plans to leverage Lightning for enterprise infrastructure services and content monetization solutions. The company’s president, Michael Saylor, is actively leading the mission to drive bitcoin adoption and growth.

The latest acquisition of Bitcoin by MicroStrategy reinforces the company’s belief in the long-term viability of the digital asset. Marathon is the only other company to hold a substantial amount of bitcoin compared to MicroStrategy, and this acquisition is larger than their entire holdings, it is clear that MicroStrategy’s aggressive acquisition strategy establishes it as a dominant force in the corporate bitcoin space, which is an important control. Percentage of limited supply.