With more than $14bn (£11bn) in Bitcoin, a US software company now owns more of the cryptocurrency than any other country.
MicroStrategy announced in its latest financial results that it had bought 25,250 Bitcoins in the first four months of 2024, bringing its total to 214,400 Bitcoins – more than 1% of all Bitcoins in existence.
The company’s Bitcoin holdings make it the world’s largest corporate Bitcoin holder, with more than 10 times the amount held by the second-largest Bitcoin-holding public company, mining company Marathon Digital Holdings.
MicroStrategy’s latest purchase means it also owns more Bitcoin than the United States, which holds 207,189 Bitcoins, worth $13.5bn, according to data collected by Bitcoin Treasuries.
