MicroStrategy, a Nasdaq-listed business intelligence firm, has seen a substantial increase in the value of its Bitcoin holdings, accumulating over $500 million in unrealized gains in the current year. With a total of 189,150 BTC, MicroStrategy is now the world’s largest corporate holder of digital assets, valued at approximately $8.55 billion. The company’s Bitcoin investment strategy began in August 2020, with subsequent purchases at an average cost of around $31,165 per BTC. Recently, MicroStrategy added 14,620 BTC to its holdings at an average price of $42,110 per coin, making up about 0.9% of the total Bitcoin supply. CEO Michael Saylor, a strong Bitcoin advocate, also personally owns over 17,000 BTC and plans to increase his holdings further. MicroStrategy has been financing its Bitcoin purchases by issuing new shares in the market, utilizing the funds raised to acquire more Bitcoin. (Source: Cryptopolitan)
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