MicroStrategy BTC holdings balloon to $4.6B as firm invests another $372M
MicroStrategy has increased its Bitcoin (BTC) holdings by 12,333 BTC, worth approximately $372 million at current prices on June 28th. filing At the US Securities and Exchange Commission show.
MicroStrategy’s BTC pool ballooned to 152,333 BTC as of June 27th. according to Bitcoin’s largest corporate holder, CEO Michael Thaler, paid an average of $29,668 per bitcoin. Thaler therefore noted that MicroStrategy paid a total of $4.52 billion for the entire BTC stash.
At current prices, MicroStrategy’s BTC holdings are worth about $4.6 billion, suggesting the company is making some profit.
The move comes a few days after Thaler, a self-professed Bitcoin maximalist, said he expects Bitcoin’s market share to rise to 80% as other tokens disappear amid regulatory scrutiny. It was done a week later.
At the time of writing, Bitcoin is trading at $30,152 and up 4.05% of the past week, according to crypto slate data.
On-Chain Data Review Finds Bitcoin Moving Between Wallets Identified All June belonged to MicroStrategy and the funds were moved from previously verified wallets to new addresses.bc1ql49”, currently holding 111,700 BTC.
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