Strategy (previously known as MicroStrategy) has increased its Bitcoin holdings beyond 500,000 BTC with its recent acquisition.
In a filing made on March 24 with the US Securities and Exchange Commission (SEC), the firm revealed that it purchased 6,911 BTC for an approximate total of $584.1 million, translating to an average cost of $84,529 per BTC.
This latest acquisition brings the total Bitcoin holding to 506,137 BTC. The company has invested around $33.7 billion in Bitcoin, with an average spending of $66,608 per coin. Based on current market valuations, the entity’s unrealized profit is estimated to exceed $10 billion.
This accomplishment further cements MicroStrategy’s status as the largest corporate holder of Bitcoin, surpassing all competitors significantly. Its holdings now account for roughly 2.55% of the 19.8 million BTC that are currently in circulation.
Additionally, the extent of MicroStrategy’s Bitcoin investment is even more notable when juxtaposed with other major holders.
The company possesses Bitcoin that is equivalent to nearly half of what all 12 US spot Bitcoin exchange-traded funds (ETFs) hold collectively, which is about 1.1 million BTC.
It also controls Bitcoin corresponding to almost half of the estimated amount believed to be owned by Bitcoin’s enigmatic creator, Satoshi Nakamoto, whose believed total is also around 1.1 million BTC.
