How many Bitcoins does MicroStrategy have? This is the Latest Number of BTC Holdings!

Bittime - American software company MicroStrategy, led by Michael Saylor, has just purchased an additional 51,780 BTC worth $4.6 billion in Bitcoin (BTC). With this transaction, MicroStrategy now holds a total of 331,200 BTC, which was purchased at a cost of approximately $16.5 billion. Based on Bitcoin's current price of around $90,000 per BTC, the value of those holdings is estimated at nearly $30 billion.

Latest Bitcoin Purchase: Continued Steps to Accumulating BTC

This latest Bitcoin purchase was made within six days ending on Sunday (17/11/2024). Since first buying Bitcoin in August 2020, MicroStrategy has consistently increased its BTC reserves. This step was taken to protect the value of company assets from inflation and global economic uncertainty.

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To fund the purchase, MicroStrategy sold approximately 13.6 million shares, raising $4.6 billion. The share issuance program they are running still allows the company to sell further shares up to around $15.3 billion.

Michael Saylor's Belief in Bitcoin

Michael Saylor, founder and executive chairman of MicroStrategy, is known as an outspoken supporter of Bitcoin. Saylor continues to view Bitcoin as an asset that can provide protection against inflation and be a better store of value compared to traditional assets such as gold. The decision to continue buying Bitcoin even though the price is already high shows Saylor's strong belief in the future of this cryptocurrency.

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In the previous week, the company also reported purchasing 27,200 BTC worth $2 billion. So, in the last few weeks, MicroStrategy has purchased around 72,000 BTC for a total value of $6.6 billion.

Positive Impact on the Bitcoin Market

MicroStrategy's decision to continue adding Bitcoin reserves certainly has a positive impact on the market. As these large companies buy more and more BTC, the supply of Bitcoin in the market decreases, while demand remains high. This could cause Bitcoin prices to continue to rise in the long term.

With more than 330,000 BTC owned, MicroStrategy is one of the public companies with the largest Bitcoin reserves in the world. This increasingly shows that Bitcoin is not only in demand by retail investors, but also by large companies who see the long-term potential of this cryptocurrency.

Future Prospects

MicroStrategy's decision to continue buying Bitcoin shows that the company is serious about exploiting the potential of cryptocurrency. With an ownership value now reaching almost $30 billion, MicroStrategy's move is in the spotlight in the market. If this trend continues, it is likely that more large companies will follow their lead in accumulating Bitcoin as part of a long-term investment strategy.

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