MicroStrategy, the leading public company in terms of bitcoin holdings, has once again demonstrated its aggressive strategy for acquiring bitcoin. The company recently announced the purchase of an additional 12,333 BTC for $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 ever held, MicroStrategy now controls approximately 0.726% of the total available supply.
This latest move by MicroStrategy cements its position as the largest publicly held Bitcoin company. MicroStrategy’s journey with bitcoin began in August 2020, and despite selling off some of its holdings in order to harvest tax losses in December 2022, the company has continually increased its bitcoin pool. In fact, shortly after the sale, MicroStrategy acquired an additional 2,500 bitcoins, cementing its already large holding. With its current holdings, MicroStrategy now controls approximately 0.726% of the total 21 million bitcoins that will ever be mined.
In addition to the relentless accumulation of bitcoin, MicroStrategy recently revealed plans to leverage Lightning for enterprise infrastructure services and content monetization solutions. The company’s chairman, Michael Saylor, has been actively spearheading the task of promoting Bitcoin adoption and development.
The recent acquisition of bitcoin by MicroStrategy reinforces the company’s belief in the long-term viability of digital assets. Since Marathon is the only other company that owns as much bitcoin as MicroStrategy does, and this acquisition was larger than their entire holding, MicroStrategy’s aggressive acquisition strategy clearly positions it as a dominant force in the corporate bitcoin space, controlling a large number of coins. Limited supply ratio.