MicroStrategy's Mammoth Bitcoin Buy: Holdings Surpass US and China

March 22, 2024
MicroStrategy's Mammoth Bitcoin Buy: Holdings Surpass US and China
  • MicroStrategy, led by Michael Saylor, has acquired an additional 9,245 BTC, bringing its total holdings to 214,246 BTC at a cost of $623 million.

  • The company's Bitcoin investment now constitutes over 1% of the total Bitcoin supply, surpassing the holdings of the US and China governments.

  • With the current Bitcoin price at $67,916, MicroStrategy's cryptocurrency portfolio is valued at approximately $14.55 billion, marking a 93% increase in value.

  • Michael Saylor predicts Bitcoin will continue to attract investment over traditional assets due to its technical superiority and emergence as a trillion-dollar asset class.

  • Despite market fluctuations, Bitcoin's price has risen over 8% in the past 24 hours and reached a new all-time high of $73,737.94 the previous week.

  • MicroStrategy's aggressive investment strategy in Bitcoin underscores Saylor's confidence in it being the premier asset class and a robust exit strategy.

Summary based on 1 source


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