MicroStrategy, the known Bitcoin holder, has been making records by making back-to-back purchases of BTC. As per available information, the firm bought 55,500 BTC from November 14 to 24. Following the acquisition, MicroStrategy now owns 386,700 Bitcoins, making it one of the largest Bitcoin holders in the world.
It is worth noting that the recent acquisition of Bitcoins was made at an average price of $97,862. According to the press statement, after this purchase, MicroStrategy’s BTC yield reached 35.2 percent QTD and 59.3 percent in the year-to-date time frame.
The back-to-back acquisitions of Bitcoin by publicly traded companies and firms have raised severe concerns over the decentralization of cryptocurrencies. It is worth noting that, together, publicly traded, private companies and ETFs collectively hold around 9.53 percent of the total supply of BTC.
The list of largest Bitcoin holders includes Satoshi Nakamoto who reportedly holds 5.98 percent of total supply, BlackRock the largest asset manager holds 492,622.7 BTCs, and Binance also holds significant Bitcoins.
MicroStrategy is a trendsetter of Institutional BTC buying!
MicroStrategy and GrayScale are largely regarded for their contribution to surged Bitcoin adoption among Institutional giants.
Most recently Semler Scientific told a media outlet that it acquired 297 Bitcoins between 18 to 22 November 2024. After this acquisition, the company now holds 1,570 BTC.
It is worth noting that a giant company based in Japan has also gathered a huge spotlight due to its Bitcoin investment strategy.
MicroStrategy has gathered billions of dollars in funding recently, following the funding company that intended to buy Bitcoin from that gathered funds. The majority of the time MSTR stock has faced severe allegations of price manipulation, analysts foresee this stock as a ‘bubble’ that might burst anytime in the near future.
Source: TradingView
Michael Saylor, the head of MicroStrategy, recently revealed his readiness to deliver a three-minute presentation to the Microsoft board. If the company decides to invest in Bitcoin, it could significantly boost the adoption and credibility of cryptocurrencies, given Microsoft’s status as a global technological leader.
Since the start of this year, MicroStrategy’s share prices have experienced a significant surge, reaching record highs.
Reports suggest that MSTR has secured substantial profits from its Bitcoin investments, having been an early adopter that acquired BTC at relatively low prices.
As one of the pioneering firms in the cryptocurrency space, MicroStrategy’s consistent exposure to Bitcoin has attracted considerable attention in the broader market.
Until publishing the cryptocurrency market capitalization was $3.24 trillion with a decline of 3.24 percent intraday, at the same time, the fear and greed index powered by CoinMarketCap was at 83 reflecting greediness in the market sentiment.
At the same time, Bitcoin, the market pioneer, was trading at $94,155 with an intraday decline of 4.02 percent, a day before it traded near the mark of $99k. Despite BTC’s decline in the past 24 hours, Ethereum remained above the mark of 3,400, adding 1.06 percent in the same time frame.
