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MicroStrategy Bitcoin holdings now equivalent to nearly half of Satoshi Nakamotos estimated Bitcoin stash

MicroStrategy Bitcoin holdings now equivalent to nearly half of Satoshi Nakamotos estimated Bitcoin stash
© Copyright Image: CryptoSlate

Strategy (formerly MicroStrategy) has expanded its Bitcoin holdings past 500,000 BTC following its latest acquisition.

In a March 24 filing with the US Securities and Exchange Commission (SEC), the company disclosed the purchase of 6,911 BTC for approximately $584.1 million, or an average of $84,529 per BTC.

The new addition brings MicroStrategys total stash to 506,137 BTC. The company has now spent approximately $33.7 billion on its Bitcoin investments, with an average cost of $66,608 per coin. Given current market prices, the firm holds an unrealized profit estimated at over $10 billion.

This milestone strengthens MicroStrategys role as the largest corporate holder of Bitcoin by a wide margin. Its holdings now represent approximately 2.55% of the 19.8 million BTC currently in circulation.

Strategy Bitcoin Holdings vs. BTC Circulating Supply (Source: CryptoQuant)

Moreover, the scale of MicroStrategys Bitcoin exposure is even more striking when compared to other major holders.

The firm owns Bitcoin equal to nearly half the amount held by all 12 US spot Bitcoin exchange-traded funds (ETFs), which cumulatively hold around 1.1 million BTC.

It also holds Bitcoin equivalent to nearly half the amount believed to be owned by Bitcoins mysterious creator, Satoshi Nakamoto, whose estimated stash is also 1.1 million BTC.

Top Bitcoin Holders Globally. (Source: X/Shaun Edmondson)

The post MicroStrategy Bitcoin holdings now equivalent to nearly half of Satoshi Nakamotos estimated Bitcoin stash appeared first on CryptoSlate.

Read more: https://cryptoslate.com/insights/microstrategy-now-controls-nearly-half-of-satoshi-nakamotos-estimated-bitcoin-stash/

Text source: CryptoSlate

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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