MicroStrategy, the largest Bitcoin ($BTC) treasury firm in the world doing business as Strategy, continues to grow its holdings of Bitcoin, the largest digital currency in the world by market cap. As per an official announcement, the company has bought an additional 4020 $BTC worth $427.1 million. The firm spent $106,237 on each bitcoin at the time this massive amount was acquired.
Strategy Now Holds 2.9% Of Bitcoin’s Supply
Michael Saylor, the former Chief Executive Officer (CEO) of MicroStrategy, appeared on X (formerly twitter) on 26th of May to announce that Strategy has acquired a massive amount of $BTC worth $427.1 million. Along with that, the company was also able to reach a Year-to-Date Bitcoin Yield of 16.8%.
As per the official announcement, the firm now holds 580,250 $BTC, whose total worth is $40.61 billion. This huge amount of $BTC held by Strategy accounts for 2.9 percent of the circulating supply of the leading digital currency.
Strategy Becomes the Largest Holder of Bitcoin
With 580520 $BTC currently in stock by the Bitcoin Treasury firm, Strategy has now become the major corporate holder of the world’s largest crypto asset. With 2.9% of the coin’s circulating supply, the impact of the company on the sentiment of the market has surged high now.
Bitcoin ($BTC) has registered massive gains over the course of the past few weeks, showing the signs of bullish rally as it broke above the crucial figure of $100k. As of the time of writing, the price value of Bitcoin is trading at around the level of $110,002.24 with a positive change rate of 2.37% in the past 24 hours. As it is on the verge of registering new highs, it will be interesting to see how the company behaves in the future, whether it will be boosting its holding or not.
