MicroStrategy Purchases 850 Bitcoin, Becomes Largest Bitcoin Holder
Yesterday, MicroStrategy announced that it has purchased an additional 850 Bitcoin, bringing its total holdings to a record-breaking 190,000 BTC. This makes MicroStrategy the largest company in the world in terms of Bitcoin ownership. The company spent $37.2 million on this latest purchase, with an average price of $43,700 per BTC.
MicroStrategy’s Purchases in January
In January, MicroStrategy bought a total of 850 BTC at an average price of $43,700. This follows their previous quarter’s purchase of 31,755 BTC for $1.25 billion at an average price of $39,411 per BTC. The pace of purchases in January was lower compared to the previous quarter.
It is likely that the company reduced its purchases after the price exceeded $40,000. If the price remains above this threshold, it is expected that MicroStrategy’s purchasing pace will remain low in February.
The MicroStrategy Record
MicroStrategy’s record-breaking Bitcoin holdings far surpass those of other publicly traded companies. Marathon Digital Holdings is a distant second with 15,700 BTC, followed by Tesla with 9,700 BTC. However, MicroStrategy is not the largest Bitcoin holder overall.
Satoshi Nakamoto is believed to be the largest holder with over 1.1 million BTC. Grayscale ETF and Binance follow with over 472,000 BTC and over 560,000 BTC respectively. However, unlike these entities that hold Bitcoin on behalf of clients, MicroStrategy owns its own BTC.
Other Major Bitcoin Holders
The US government reportedly holds around 215,000 BTC resulting from seizures over the years. The Chinese government also holds a significant amount of BTC, equal to MicroStrategy’s holdings. Other major Bitcoin holders include Block.one with 164,000 BTC, Mt.Gox with over 140,000 BTC, and the WBTC smart contract with over 157,000 BTC.
Hot Take: MicroStrategy Sets Bitcoin Ownership Record
MicroStrategy’s recent purchase of an additional 850 Bitcoin solidifies its position as the largest company in the world in terms of Bitcoin ownership. With a record-breaking total of 190,000 BTC, MicroStrategy’s commitment to Bitcoin continues to grow. While other major holders include government entities and funds, MicroStrategy stands out as a private company with significant Bitcoin holdings. As the price remains above $40,000, it is expected that MicroStrategy’s purchasing pace will remain low in the coming months. This news highlights the increasing influence and adoption of Bitcoin by institutional players in the market.
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