Crypto News

MicroStrategy Expands Bitcoin Portfolio With Extra 5,445 BTC


Content Guide

Michael Saylor, CEO of MicroStrategy, announced via a tweet on September 25, 2023, that the company had invested in an additional 5,445 BTC, totaling approximately $147.3 million, with an average purchase price of $27,053 per Bitcoin. With this recent acquisition, the company’s Bitcoin holdings stand at 158,245 BTC, acquired for roughly $4.68 billion at an average price of $29,582 per Bitcoin.

This move highlights the continued commitment and belief in Bitcoin by MicroStrategy and its CEO, who have long been proponents of Bitcoin as a store of value and a hedge against inflation. Their aggressive accumulation of Bitcoin positions them as one of the leading institutional holders of the cryptocurrency.

It has just happened after on 26th of June MicroStrategy bought 12,333 Bitcoins as we mentioned before.

Comparative Corporate Holdings: Coinbase

While discussing substantial corporate Bitcoin holdings, it’s worth mentioning that cryptocurrency exchange Coinbase reportedly holds approximately 1 million Bitcoins, a valuation of around $25 billion. This substantial figure represents nearly 5% of the total circulating Bitcoin supply worldwide. However, it is crucial to differentiate the Bitcoins held by Coinbase for its users and its corporate-owned Bitcoin holdings, estimated to be around 10,000 BTC or approximately $200 million.

Picture: Michael Saylor Chairman and Co-Founder of MicroStrategy
Picture: Michael Saylor Chairman and Co-Founder of MicroStrategy

Institutional Trust in Bitcoin’s Future

MicroStrategy’s consistent and strategic acquisition of Bitcoin underscores the growing institutional interest and belief in the long-term value of cryptocurrencies. These sizable investments by leading companies, like MicroStrategy and Coinbase, may influence other corporate entities and individuals to consider allocating a portion of their assets to cryptocurrencies.


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