Who owns the most Bitcoin in the world?

MicroStrategy, which holds more than 1 percent of all Bitcoins in existence, now owns more #Bitcoins than the United States with its latest acquisition.

The United States-based software company now has more cryptocurrencies than any other country, increasing its Bitcoin (BTC) assets to over $14 billion.

In its latest financial results, MicroStrategy announced that it purchased 25 thousand 250 Bitcoins in the first 4 months of 2024, reaching a total of 214 thousand 400 BTC. This figure corresponds to more than 1 percent of all Bitcoins in existence. According to data collected by Bitcoin Treasuries, the USA holds 207 thousand 189 BTC worth $ 13.5 billion.

According to the news in Independent Turkish, the company has become the public company with the most Bitcoins in the world with the number of Bitcoins it owns. The company's holdings of Bitcoin are more than 10 times that of Marathon Digital Holdings, the publicly traded company that holds the second most Bitcoin.

“Thanks to our unique Bitcoin strategy and solid operating company background, we currently own 214,400 Bitcoins at an average unit price of $35,180,” said MicroStrategy CEO Phong Le.

Bitcoin is currently trading at approximately 64 thousand dollars. This means MicroStrategy has earned more than $6 billion from its crypto investment.

It seems unlikely that MicroStrategy will cash out its investment; founder Michael Saylor frequently posts images of diamond hands on X (formerly Twitter), signaling that he intends not to sell despite price fluctuations.

“MicroStrategy anticipated volatility when it adopted a Bitcoin Strategy and structured its balance sheet so that it could continue to #HODL (Hold On for Dear Life) in the face of adversity,” Saylor wrote during the crypto market big drop in 2022.

On Monday, with the price of Bitcoin once again nearing record highs, Saylor wrote: Bet for the winner #Bitcoin

$BTC