- MicroStrategy recently purchased 2,138 BTC for $209 million, averaging $97,837 per BTC
- Their total Bitcoin holdings now amount to 446,400 BTC, costing $27.9 billion with an average of $62,428 per BTC
- MicroStrategy remains the largest corporate holder of Bitcoin, significantly ahead of others
Microstrategy continues to double down on its bitcoin-heavy portfolio, recently adding another major batch of BTC to its holdings.
As reported by its CEO Michael Saylor on Twitter, Microstrategy bought another $209 million in BTC, at an average cost of $97,837 per token. This development comes just a few days after the company bought 5,262 BTC at its all-time highest price.
Adding the most recent 2,138 BTC purchase—Microstrategy now holds 446,400 BTC at the cost of $27.9 billion, with an average price-per-bitcoin of $62,428.
This recent development further cements the company as the largest corporate holder of Bitcoin in the world. In fact, Microstrategy is so far ahead in the rankings of Bitcoin holdings by public companies that it owns over 420,000 more BTC than the second place.
Moreover, Michael Saylor’s company owns more BTC than all the top 10 of that ranking combined, including companies like Marathon Digital Holdings, Tesla, and Galaxy Digital Holdings.
The firm has made public its intention of raising $42 billion to expand its Bitcoin holdings. The strategy dubbed the “21/21 plan” has a set deadline of three years and revolves around raising $21 billion via fixed-income securities and the other half through equity sales.
Given its aggressive market movements in recent times and this ambitious plan to solidify Microstrategy as one of the largest entities holding Bitcoin in the world, we can expect to see even more purchases by the firm in the upcoming years.
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