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Home BUSINESS

MicroStrategy is the Biggest Holder of Bitcoin in the World: Here is the Proof

Michael Juanico by Michael Juanico
May 6, 2024
in BUSINESS, CRYPTO
Reading Time: 3 mins read
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  • MicroStrategy, a US software company, now owns more bitcoins (214,400 BTC) than any single country, holding over 1% of all bitcoins in existence.
  • MicroStrategy’s bitcoin holdings of over $14 billion make it the largest corporate holder of bitcoin in the world, surpassing even the holdings of the United States government.
  • The recent surge in bitcoin’s price, reaching new all-time highs above $73,000 in March 2024, has been driven by the SEC’s approval of the first bitcoin spot ETFs and the latest “halving” event that reduced mining rewards.

MicroStrategy, a US software company, now owns more bitcoin than any single country. This milestone demonstrates bitcoin’s meteoric rise and signals growing institutional adoption.

JUST IN: Microstrategy $MSTR now holds more #Bitcoin than any country or company in the world

— BlockNews.com (@blocknewsdotcom) May 6, 2024

MicroStrategy’s Massive Bitcoin Stash

MicroStrategy holds over 214,400 bitcoins worth over $11 billion. This represents more than 1% of the total bitcoin supply. The company’s bitcoin trove exceeds that of the US government‘s stash of over 207,000 bitcoins.

How MicroStrategy Amassed So Much Bitcoin

MicroStrategy began accumulating bitcoin in 2020 as part of its corporate strategy. Since then, the company has continued buying during market dips. Its average purchase price per bitcoin is $35,180. With bitcoin’s current price around $64,000, MicroStrategy’s holdings are worth billions more than what the company paid.

Two Key Events Driving Bitcoin’s Price Surge

Bitcoin’s price has skyrocketed recently for two reasons. First, the SEC approved the first bitcoin spot ETFs, opening the crypto market to institutional investors. Second, bitcoin went through a “halving” event which cut its mining rewards in half, decreasing supply. These catalysts drove bitcoin to an all-time high above $73,000 in March.

The Future of MicroStrategy’s Bitcoin Hoard

MicroStrategy’s CEO Michael Saylor frequently signals the company’s long-term conviction to hold its bitcoin for the future. Even amid volatility, MicroStrategy remains committed to its bitcoin strategy. With growing mainstream adoption, the company’s massive bitcoin bet may pay off handsomely down the road.

Conclusion

MicroStrategy’s bitcoin trove exceeding that of the US government shows the extent to which crypto has entered the mainstream. The company’s giant bet on bitcoin represents growing institutional conviction in cryptocurrencies as legitimate investment assets. As adoption increases, more major holders may join MicroStrategy in accumulating significant bitcoin stockpiles.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBitcoin Spot ETFscryptoMicrostrategysec
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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