MicroStrategy is the world’s largest institutional Bitcoin $63,089 investor purchased an additional $458.2 million worth of Bitcoin.
7,420 More Bitcoins Added to Portfolio
The company purchased an additional 7,420 Bitcoins for an average price of around $61,750. This information was shared by the company’s founder and chairman, Michael Saylor.
“MicroStrategy has returned 5.1% quarter-to-date and 17.8% year-to-date on Bitcoin,” Michael Saylor said.
Total Bitcoin Assets Reach 252,220
With this latest purchase, MicroStrategy’s total Bitcoin holdings have increased to 252,220. The company has purchased a total of $9.9 billion worth of Bitcoin to date at an average price of approximately $39,266.
Based on Bitcoin’s current trading price of $62,945, MicroStrategy’s Bitcoin holdings are worth over $15.8 billion. The company owns over 1% of Bitcoin’s total supply and is the largest institutional investor in the crypto asset.
Marathon Digital Holdings Ranks Second
Marathon Digital Holdings, the second-largest institutional Bitcoin treasury, holds 26,200 Bitcoins worth around $1.6 billion, well below the number of Bitcoins held by MicroStrategy.
MicroStrategy’s aggressive Bitcoin buying strategy is also having a positive impact on the company’s stock, with MSTR shares up more than 360% in the past 12 months.
In July, the company announced a 10-for-1 stock split of its Class A and Class B common stock. The move was said to make MicroStrategy stock more accessible to investors and employees.
Bitcoin has gained close to 20% since its September 2024 low of around $52,550. MicroStrategy’s strong commitment to Bitcoin and large-scale purchases are drawing attention in the cryptocurrency market.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
