- MicroStrategy added 2500 BTC to its Bitcoin stash for $42.8 million
- The company now holds 132,500 BTC, worth $2.2 billion at current market rates
- Given the average price of more than $30,000 per BTC, MicroStrategy is currently down roughly $1.8 billion on its Bitcoin investment
MicroStrategy solidifies its top spot as the largest public holder of Bitcoin
Despite the prolonged crypto winter, business intelligence company MicroStrategy has expanded its Bitcoin portfolio with an additional 2500 BTC since November 1st. Founder and former CEO of MicroStrategy, Michael Saylor, shared the news on Twitter on Wednesday.
According to the Securities and Exchange Commission (SEC) filing, MicroStrategy increased its Bitcoin holdings from 130,000 BTC on October 31 to 132,500 BTC on December 27 through a series of several trading orders. At current market rates, the company holds more than $2.2 billion worth of Bitcoin.
MicroStrategy is currently by far the largest publicly traded holder of Bitcoin. Marathon Digital Holdings comes in second, with 10,055 BTC. Electric car manufacturer Tesla is in third, with 9720 BTC, per Bitcoin Treasuries data.
According to Saylor, MicroStrategy spent a total of $4.03 billion on its Bitcoin stash, at an average price per BTC of $30,397. The company is currently down almost $1.8 billion on its Bitcoin investment.
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.